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Margery Nichol, General Manager

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"Be a lifelong learner, be resilient, be open to change, express your opinions... and keep a positive attitude!"

-Margery Nichol, GM

December 2021

I wish all our members a happy holidays and a very Happy New Year! I hope you stay healthy and that 2022 will be a good year for all of us. I want to thank our NBTA Credit Union members who helped us support the Annual Turkey Drive in Fredericton and those who supported Food Banks throughout the province.


The other holiday fundraiser NBTA Credit Union supported this year is the Light Up A Life campaign for the Chalmers Foundation. Your credit union has been a corporate donor to the Stan Cassidy Foundation for a number of years – We looked for a charity that had an impact on people across our province and the Stan Cassidy Foundation fit the bill. Late in 2020, the Stan Cassidy Foundation and the Chalmers Foundation merged. Donors are still able to direct their donations to the Stan Cassidy programs such as the Bikes n Trikes, Research and Education, or Patient Impact Funds. We have a place on our web page where our members can make donations to this worthwhile cause at . The NBTA Credit Union has made our annual donation of $6,000.00 and would love to see members match that amount so we can have an even bigger impact in the lives of our fellow New Brunswickers when they need it most. Just be sure to select “NBTA Credit Union supports Stan Cassidy” in the Chalmers Foundation donation drop-down menu.


Winter is in full swing and now may be the time to think about securing a “Greener Home Loan” to purchase an energy efficient heat pump, install new windows or add insulation to keep the heat in and the cold out. We offer a fantastic rate of Prime plus 1% for a three year term.


Economists are predicting a few increases to Prime Rate in 2022. If you have a variable rate mortgage or a Home Equity Line of Credit this may be a good time to think about making a change and locking in a rate before they start to rise. An increase in rates is not all bad. If you have money to deposit to an RRSP, TFSA or just a regular savings account, an increase in rates is good news. League Savings & Mortgage, a credit union owned company, is offering our members some special deposit rates. The 5 year rate is more than double our Member Life Savings rate. Give us a call or check out our website for more details. We even offer investment loans so you can get your money earning interest right away. Some of you may be able to buy back pensionable time and we have loans for that too!


I wanted to mention we have new protocols in place at the credit union to help ensure the health and safety of our members and our staff. We are asking members to enter the branch through the ATM door and exit through the lobby door. We are only allowing three members in the branch at one time. This is to comply with the two meter distancing rule. Our lending staff have all the technology needed to provide virtual appointments and digital signing of all documents. If an in-person appointment is preferred, we can provide this too. We will continue to adapt our practices as needed to comply with Public Health recommendations.


Finally, I want to send all of you a huge THANK YOU for your continued patronage. We are looking forward to serving you throughout 2022 by providing the best possible service, competitive rates and the products and services that fit your needs. We have several things being developed in the pipeline, so stay tuned!

We appreciate your cooperation and patience during this difficult time. Please observe all government warnings and social distancing/self-isolation recommendations. We will be meeting regularly to reassess how to best serve you during this unprecedented time. Stay safe!

– Margery Nichol, General Manager