Welcome to the Rorketon & District Credit Union online.

The Rorketon & District Credit Union Ltd. offers a wide range of financial services to fulfill our members needs.

Since incorporation in 1961 – we have been supporters of many activities in our local and surrounding communities. Our members are important to us and with their support we will continue to be a viable asset to our community.

We appreciate your patronage and hope that you will feel free to contact us with any questions or comments you may have.




Contact Us:

Phone: 204-732-2448
Fax: 204-732-2275
E-mail: rorkinfo@rorketoncu.mb.ca

Box 10
Rorketon, Manitoba
R0L 1R0



Hours of Business:

9:00 a.m. - 3:30 p.m.  Monday - Thursday
9:00 a.m. - 5:00 p.m.  Friday


News Updates:

Click here to download our Spring 2013 Newsletter
Click here to download our Spring 2011 Newsletter

Service Charges:

Package-Unlimited Use: $10.95
Chequing Services:
Senior Chequing Accounts 65 yrs plus FREE
Youth/Student Accounts Under 18 yrs old FREE
Non-Profit / Charity FREE
Per Cheque /pre-auth. Debit/Withdrawl $0.55
Non-encoded Cheques $3.00
Deposits FREE
Chq. cashing non-member (Must have 2 pieces of I.D)
$10.00
Over the Counter Bill Payments $1.00
Internet Bill Payments FREE
Credit Checks (Other Financial Inst.) $10.00
U.S Cheque drawn on Canadian Account $5.00
   
ATM Cards/Transactions:
First Card FREE
Re-Order/Replacement Card $5.00
ATM Transactions:
  Manitoba Credit Union FREE
  Outside Manitoba Credit Union FREE
  Other Financial Institution $1.50
  Outside Canada $3.00
Interac Direct Payment $0.40
   
Other Service Charges:
Stop Payment (all details) $10.00
Stop Payment (Missing details) $15.00
Travelers Cheques 1% of purchase
Cheque Certification:
  Certified Cheque Member $3.00
  Certified Cheque Non-Member $10.00
Transfer Fee:
  Over the phone $1.00
  In Person or Computer Generated FREE
Photocopies $0.50 Per Copy
Balance Inquiries (In Person or Phone) FREE
Wire Transactions (Within Canada) CDN & US $9.50
Wire Transactions ( International ) CDN & US $12.00
Chargebacks (Personal) $3.00
Chargebacks (Business) $5.00
NSF Charge on Cheque Return $35.00
Overdraft Charge $5.00 per item
Overdraft Interest Charge 24%
Overdraft Notification (Letter/Phone call) $5.00
Collection Fee (Held/Sent) $10.00
Loan Arrears Notice (MAILED) $10.00
RRSP/RRIF Transfer out fee $50.00
   
Monthly Statement  
Picked up in Person no charge
Mailed Out $2.00
Statement or cheque reprint $2.00 per Item
Fax Fee (Out/In Coming) $2.00
Long Distance call to other Financial Institution $2.00
Searching of Records min.$25.00 $25.00/hr
Closing Account Fee $5.00
Night Deposit Bags $20.00
 
Safety Deposit Boxes:
Small Box $17.00 Annually
Large Box $22.00 Annually
Lost Safety Deposit Box Key $20.00
Drill Box  costs plus $5.00
   
Loan & Annual Review Fee's:
Consumer, Farm & Commercial Loan Application Fee $50.00
LOC under $30,000.00 Annual review fee $5.00/month
LOC over $30,000.00 Annual review fee .25% of amt. Max. $500.00
Credit Union Central of Manitoba Approval & Review AT COST
Mortgage Discharge $100.00
Personal Property Registration for Security/Searches cost
Credit Bureau searches $5.00/person
Skip a payment fee/per loan payment $10.00
External Appraisal cost
Internal Appraisal If no site visit Necessary $30.00
Site Visit/Inspection $50.00 +mileage
Loan interest Letter reprint $5.00

* Where documents are prepared by a Solicitor, the member will be responsible for the Solicitor's fees.

Rates:

effective October 2, 2012
Term Deposits
  Minimum $1000
  Non-Redeemable Redeemable
30-59 days 0.75% 0.50%
60-89 days 0.75% 0.50%
90-119 days 0.75% 0.50%
120-179 days 0.75% 0.50%
180-269 days 0.90% 0.50%
270-364 days 0.90% 0.50%
  Term Deposits RRSP/RRIF
  Minimum $1000 Minimum $1000
  Non-Redeemable Redeemable RRSP/RRIF
1 year 1.25% 0.75% 1.25%
2 years 2.00% 1.00% 2.00%
3 years 2.00% 1.00% 2.00%
4 years 2.25% 1.00% 2.25%
5 years 2.50% 1.00% 2.50%
* Any terms redeemed prior to Maturity are subject to an Interest Penalty


effective January 11, 2012
Savings Account Rates
  Chequing Account 0%
  C/S N/P Club 0.25%
  Cheq/Savings 0.15%
  Regular Savings 0.15%
  Agriinvest Account 1.00%
  Insured Savings 0.00%
Plan 24 $0.00 - $4,999.00 0.15%
Plan 24 $5000 - $9999.99 0.15%
Plan 24 $10000.00 - $24999.00 0.15%
Plan 24 $25000.00 - $59999.00 0.25%
Plan 24 $60000.00 - $99999999.00 0.50%


Last Update: October 2, 2012
Loan & Mortgage Rates
Credit Union Prime = 4.00%
Loan Rates
  Consumer Agricultural Commercial
Variable (Prepay Anytime) Prime + 2.50 % Prime + 3.00 % Prime + 3.00 %
Savings Secured Prime + 0.5 % Prime + 0.5 % Prime + 0.5 %
Fixed - 1 Year 6.00% 7.00% 7.00%
Fixed - 2 Year 6.25% 7.25% 7.25%
Fixed - 3 Year 6.25% 7.25% 7.25%
Fixed - 4 Year 6.50% 7.50% 7.50%
Fixed - 5 Year 6.75% 7.75% 7.75%
       
Line of Credit
  Consumer Agricultural Commercial
Regular Prime + 3.0 % Prime + 3.00 % Prime + 3.00 %
Savings Secured Prime + 0.5 % Prime + 0.5 % Prime + 0.5 %
Home Equity Line/Land Prime + 1.0 % Prime + 1.0 % Prime + 1.0 %
       
First Mortgage
  Consumer Agricultural Commercial
Variable (Prepay Anytime) Prime + 0.50 % Prime + 1.00 % Prime + 1.00 %
1 Year * 4.25 % 5.25% 5.25%
2 Year * 4.50 % 5.50% 5.50%
3 Year * 4.50 % 5.50% 5.50%
4 Year * 4.60 % 5.60% 5.60%
5 Year * 4.75 % 5.75% 5.75%
***Note(unsecured) Loans start @9.00%***
Mortgage Notes:
  *25% prepayment of principal allowed annually
  "double up" payments allowed anytime
  Second mortgage rates equals the first mortgage rate plus 1%