Whether you’re just starting out or approaching retirement, it’s a great time to start saving with Aldergrove Credit Union.

Whether you’re just starting out or approaching retirement, it’s a great time to start saving with Aldergrove Credit Union.

3 ways to kick-start your savings

New credit union in Mission makes it easy to save … for now or for later

Did you know that only 26 per cent of Canadians between 45 and 54 contribute to a Registered Retirement Savings Plan (RRSP) according to Statistics Canada.

The good news is that whether you’re just starting out or approaching retirement, it’s a great time to start saving.

“Contributing to an RRSP has benefits at every age. Starting early allows your savings to accumulate more interest over the years, while contributing in your highest earning years can help you save more on year-end taxes,” says Michelle Adams, from Aldergrove Credit Union’s Mission Community Branch.

And there’s no better time than the start of a new year to commit to your financial goals. Here are 3 simple ways to get started:

  1. Make saving a priority. Even small contributions add up, especially when you arrange regular, automatic contributions. You’ll save throughout the year and take advantage of year-end tax savings. And while retirement may still be decades away, RRSPs offer other benefits too. Features such as the Home Buyers Plan and Lifelong Learning Plan make RRSPs a great option for saving for your near and far future.
  2. Contribute to RRSPs and save on year-end taxes. Contributing to your RRSP not only offers retirement savings down the road, it gives you year-end income tax savings too!
  3. Review and adjust your plan as your life changes. New job? New baby? Retirement? Stay flexible with your plan as you navigate life’s various milestones, and you’ll make the most of your savings plans, no matter your stage of life.

Remember, March 2 is the RRSP contribution deadline for the 2019 taxation year. Not sure how much to contribute? This year’s RRSP contribution room is calculated at 18 per cent of your 2019 earned income to a maximum of $26,500. For your contribution limit visit your CRA account.

Plus, at Aldergrove Credit Union, earn up to 2.65 per cent when you transfer in and invest your RRSP or TFSA in the 18 Plus 18 term deposit.

Find even more in Mission

Of course, RRSPs aren’t the only reason to get to know Aldergrove Credit Union’s new Mission branch!

For a limited time, get up to $450 when you join Aldergrove Credit Union. Here’s how:

  • Get $200 when you sign up at getyourshare.ca/aldergrovecu, open an account, and set up a preauthorized deposit or withdrawal
  • Get $250 when you Open a free chequing account, bring your payroll to ACU, and get 3 more qualifying products
  • Combine both for a total of $450

Plus, you’ll continue to earn for years to come through the memberSHARE Loyalty Program.

Now that’s a great way to kickstart your savings!


Visit Aldergrove Credit Union’s team of Financial Service Advisors at the Mission Community Branch, E100-7871 Stave Lake Street, or call 604-826-1201.


There’s no better time than the start of a new year to commit to your financial goals. Aldergrove Credit Union offers three simple ways to get started.

There’s no better time than the start of a new year to commit to your financial goals. Aldergrove Credit Union offers three simple ways to get started.

Just Posted

Cops converge in a Marshall Road parking lot on Thursday afternoon following a reported police incident. (Ben Lypka/Abbotsford News)
Federal offender escapes, gets shot at and is taken back into custody in Abbotsford

Several branches of law enforcement find escapee a short distance from where he fled

Jay Matte (right), president of Pressland Printing in downtown Mission, passes a customer her purchase. Many local businesses say the new mandatory mask order is a positive step to help protect customers and staff alike. / Kevin Mills Photo
Mission businesses, workers say they’re happy with new mask mandate

Most say they’ve had little problem enforcing the of new rules

Jag Deol, owner of Sangam Restaurant and Catering, is collecting non-perishable food items for the St. Joseph's Food Bank at both his restaurant locations in Mission. (Jenna Hauck/ Chilliwack Progress file)
Indian restaurant asks for food-bank donations when Missionites pick up take-out orders

Sangam Restaurant and Catering hosting food drive until Dec. 20, will match all donations made

Kenny (left) and Bobby Braich, the Braich family estate’s representatives, will have to pay $676,000 to their former estate lawyer, James Carphin, for legal work dating from December 2004 to October 2010. / Patrick Penner Photo
Former lawyer for Braich Family Estate wins case over unpaid legal debts in B.C. Supreme Court

Braich family recently in dispute with District of Mission over failed development deal

Lefeuvre Road, near Myrtle Avenue, was blocked to traffic on Thursday (Dec. 3) after an abandoned pickup truck was found on fire. Police are investigating to determine if there are any links to a killing an hour earlier in Surrey. (Shane MacKichan photo)
Torched truck found in Abbotsford an hour after killing in Surrey

Police still investigating to determine if incidents are linked

Motorists wait to enter a Fraser Health COVID-19 testing facility, in Surrey, B.C., on Monday, Nov. 9, 2020. THE CANADIAN PRESS/Darryl Dyck
Another 694 diagnosed with COVID-19 in B.C. Thursday

Three more health care outbreaks, 12 deaths

A demonstrator wears representations of sea lice outside the Fisheries and Oceans Canada offices in downtown Vancouver Sept. 24, demanding more action on the Cohen Commission recommendations to protect wild Fraser River sockeye. (Quinn Bender photo)
First Nations renew call to revoke salmon farm licences

Leadership council implores use of precautionary principle in Discovery Islands

Ten-month-old Aidan Deschamps poses for a photo with his parents Amanda Sully and Adam Deschamps in this undated handout photo. Ten-month-old Aidan Deschamps was the first baby in Canada to be diagnosed with spinal muscular atrophy through Ontario’s newborn screening program. The test was added to the program six days before he was born. THE CANADIAN PRESS/HO, Children’s Hospital Eastern Ontario *MANDATORY CREDIT*
First newborn tested for spinal muscular atrophy in Canada hits new milestones

‘If Aidan had been born any earlier or anywhere else our story would be quite different’

Canadians’ mental health has deteriorated with the second wave, study finds

Increased substance use one of the ways people are coping

Surrey Pretrial centre in Newton. (Photo: Tom Zytaruk)
Surrey Pretrial hit with human rights complaint over mattress

The inmate who lodged the complaint said he needed a second mattress to help him manage his arthritis

A coal-fired power plant seen through dense smog from the window of an electric bullet train south of Beijing, December 2016. China has continued to increase thermal coal production and power generation, adding to greenhouse gas emissions that are already the world’s largest. (Tom Fletcher/Black Press)
LNG featured at B.C. energy industry, climate change conference

Hydrogen, nuclear, carbon capture needed for Canada’s net-zero goal

An RCMP officer confers with military rescuers outside their Cormorant helicopter near Bridesville, B.C. Tuesday, Dec. 1. Photo courtesy of RCMP Cpl. Jesse O’Donaghey
Good Samaritan helped Kootenay police nab, rescue suspect which drew armed forces response

Midway RCMP said a Good Samaritan helped track the suspect, then brought the arresting officer dry socks

People line up at a COVID-19 assessment centre during the COVID-19 pandemic in Scarborough, Ont., on Wednesday, December 2, 2020. Toronto and Peel region continue to be in lockdown. THE CANADIAN PRESS/Nathan Denette
COVID-19 vaccine approval could be days away as pressures mount on health-care system

Many health officials in regions across the country have reported increasing pressures on hospitals

Most Read