Dear Valued Members:

In recent years, privacy legislation has been enacted to protect the personal and private information of Canadians. Some of this legislation requires that Westoba Credit Union update how we administer registered investment products, such as RRSPs, RRIFs, and TFSAs.

Some joint memberships have been identified as needing change to adhere to this legislation. To follow the legislation, each member must own their individual registered investment products under a separate membership number, as the primary owner of that membership.

In order to comply with the legislation, some joint accounts have had their registered investments moved to new memberships. Affected members are being notified as quickly as possible by personally addressed letter, however you may notice changes on your statements, internet banking, or telephone banking prior to receiving your notification. If you have questions about these changes, please call our TeleService Representatives or visit your local branch staff to have them addressed.

We sincerely appreciate your assistance in making this transition as smooth as possible, and welcome any questions that you may have about this change. We very much appreciate your support in the past, and look forward to the opportunity to continue to serve you.

Sincerely, 

Don Pringle
V.P. of Finance and Privacy Officer
Westoba Credit Union Ltd.