2010 20112009

Ontario

Y&F Ontario-Facts

• Libro Financial Group – London, ON

• United Community CU– Windsor, ON

• Assets: $1.78 Billion / $690 Million

• Members: 54,000 / 36,000

• Branches: 15 / 10

Liz ArkinstallShow Me The Money

School Connections!

Goals:•Build relationships with students & schools/school boards

•Educate students on ‘money smarts’

•Increase awareness of the YF brand & our go free bundle

•Increase # of new accounts

How we connected:

•Fun events

•Random acts of ‘freeness’

•Leveraged existing contacts at the schools (teachers, principals, guidance)

•Sponsored a youth fair

$how Me The Money

Presentation

What is a Want?

• Brand name clothing• Expensive car• Junk food• iPod• Video games• Other electronics

Budgeting

• Income• Expenses• Debts• Assets• Liabilities

Savings From Junk Food

• $7 for fast food lunch• 3 lunches/week• 5 years• 3% compound interest• Total Saved $5882.47

Loan Payments – Used Car

� Purchase price� � $10,000� Plus tax (loan amt)� $11,300� Interest rate� � 5%� Repayment term�� 3 years� Monthly payment�� $338� Total repayment�� $12,192� Total interest paid� $892

Negative Impacts On Credit

• Missed due dates• Large # of credit cards• Apply for too many at once• Declaring bankruptcy• Large balances

Young & Free Ontario

• Free chequing to age 26• Savings, advice, your own Coach!

youngfreeontario.comlibro.ca/student

myunited.ca/student

To date approx. 18 presentations have been made with many more

planned for this year!

Feedback from CU staff…

Liz ArkinstallShow Me The Money