Dealer Finance

Dealer Finance enables you to go into almost any automotive or RV dealer in Shaunavon Saskatchewan and request on the spot financing through the Credit Union Dealer Finance Program.*

Fast Service
Approval time is minimal and you can drive your vehicle away that very same day.

Saves time
All the paper work will be done at the dealership.

Convenient
This service makes weekend buying simpler when your regular branch may be closed.

Agricultural Dealer Finance

This program enables you to go into any participating agricultural dealership in Shaunavon Saskatchewan and request on the spot financing on farm equipment. This is a fast, easy and convenient way to purchase your farm equipment.*

*( O.A.C.)

Canadian Agricultural Income Stabilization (CAIS) Program

On December 22, 2003, the Saskatchewan government signed the Agricultural Implementation Agreement with the federal government to jointly offer the Canadian Agricultural Income Stabilization (CAIS) program to Saskatchewan producers. CAIS provides income stabilization and disaster assistance to farmers on a permanent basis. The program provides affordable protection for margin decline without the need for an account build-up. To secure protection, you simply make a fully refundable deposit.

As CAIS is introduced, producers have a few decisions to make, including what to do with their NISA funds.

NISA Wind-down

As CAIS replaces the Net Income Stabilization Account (NISA) program, producers need to withdraw their money from NISA. Producers' contributions (Fund 1) to NISA can be withdrawn tax-free, but the matching government funds and interest earned (Fund 2) are taxable.

Producers have the option of withdrawing all funds from NISA at one time or making annual withdrawals over a five-year period. The first withdrawal from your NISA account must be made by March 31, 2005, and the account drawn to zero and closed by March 31, 2009.

Producers choosing to withdraw over five years will have funds withdrawn equally from Fund 1 and Fund 2 until each fund is depleted. But keep in mind, producers must withdraw a minimum of 20% of their March 31, 2004, Fund 2 balance each year, plus any interest earned.

It’s Your Money – It’s Your Choice

Over the years, Shaunavon Credit Union has helped you grow your savings in your NISA account. Now that the time has come for you to withdraw these funds from both your NISA Fund 1 and Fund 2 accounts, we have the knowledge and products available to help you make a smooth transition from the NISA program to CAIS.

Our Investment Advisors and Personal Account Managers look forward to working with you and your tax advisor throughout the process.

RRSPs

Depositing your NISA Fund 2 funds to an RRSP will let you continue to grow your deposit tax-free (RRSP contribution rules apply). We have a variety of RRSP products available to suit your individual needs.

If your Fund 1 NISA funds are transferred to your CAIS account, you can actually withdraw more funds from your Fund 1 account than the 20%, without having to match the withdrawal with Fund 2. This allows you another option to shelter your Fund 2 if you don’t have enough contribution room this year.

For more information, call us at 297-2635 or toll free at 1-800-667-0068.

Click here to learn more about CAIS Program- visit the Agriculture and Agri-Food Canada Web site. Clicking here will take you away from the Shaunavon Credit Union web site.