Empower yourself. Take control of your finances.
FirstOntario Credit Union provides custom fit financial solutions for condominium boards and property managers on both the investment and lending side of the balance sheet.
Our program has been designed with more than 18 years of experience in helping the condo industry prosper.
Planning finances for an entire building and having a formal investment plan in place is a major responsibility so take advantage of our customized 10-year investment plan.
We’ll use your latest Reserve Fund Study to provide turn-key investment solutions (usually within 24 hours), while improving your overall rate of return.
We have industry leading GIC rates and can include unique redemption options.
Our condo specialists can generate additional interest income while providing you with peace of mind in the event of unexpected expenditures.
The Financial Services Regulatory Authority (FSRA), the provincial government agency that insures credit unions, increased coverage on non-registered deposits to $250,000.
This is a major step for condo boards that make several investments to spread risk coverage.