TORONTO, Ontario -- September 8, 2015 -- Strategic Information Technology ("SIT") announced today that Credit Unions of B.C., through Central 1 Credit Union, are leveraging the company's investment software to offer the new B.C. Training and Education Savings Grant (BCTESG) to credit unions across British Columbia. Credit Unions of B.C. are the first financial institutions in the province to make this grant available to B.C. families, which is now available at 38 partner credit unions and their 365 branches.
"We know that education is the most important investment parents can make for their children's future," said Bob Perfonic, Director of Financial Services for Central 1 Credit Union. "This grant is a great opportunity for many families start saving early--and it's an incredible incentive for our members to come out and open RESPs for their children. By making this grant available, we're ensuring our members have access to every investment opportunity that's available to them."
SIT's investment software is a part of the company's complete suite of banking and financial services software. In addition to managing unique mortgage investment products, stocks, bonds, mutual funds, cash, and deposits, you also have the technology to administer highly regulated Canadian investment products. Registered Educations Savings Plans (RESPs), Registered Retirement Savings Plans (RRSPs), and many more, including RRISs, RDSPs, and TSFAs can all be managed on SIT's investment software. And when regulations change, so does the software--with regulatory changes that are made available through future software updates.
"We get excited when we see our customers first to market with new products," said Chris Buck, CEO and President of Strategic Information Technology. "By being the first, Central 1 is sending a powerful message to its customers. And, in turn, it shows the entire industry how efficient the right investment software can be--families throughout B.C. can walk into hundreds of participating branches and apply for this grant. We're proud to see our technology behind that."
The B.C. Training & Education Savings Grant is a $1200 provincial grant available to children when they turn six. Parents must apply for the grant before the child turns nine. For more information on eligibility, please visit the government of British Columbia's website. (http://www2.gov.bc.ca/gov/content/education-training/k-12/support/bc-training-and-education-savings-grant)
SIT, formed in 1988, develops and markets Portfolio Plus, which is used by financial companies in Canada, the UK, Ireland, and the Caribbean. SIT's banking software enables credit unions, banks, trust companies, and credit companies to offer online banking, mortgages, loans, credit options, investments, term deposits, retail banking, floor plan management, and more.
SIT's Open Banking Interface, offered with Portfolio Plus, is especially suited to those companies who need to move rapidly with a digital strategy.
Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
Visit SIT online at stratinfotech.com or call us at 905-640-0808.
For more information:
Strategic Information Technology
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This page was created and/or refreshed on May 26, 2017 @ 14:57:40
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
The page subject is: Central 1 Credit Unions First to Offer TESG