Warning to Consumers Nova Scotia credit unions are warning their customer-owners and the public about conducting business with Jabez Financial Services Inc. and JFS Credit Union. Credit unions have taken immediate action to protect their customer-owners by cautioning them about transactions with these companies. Nova Scotia credit unions wish to inform the public that JFS Credit Union is in no way associated with the Nova Scotia credit union system. The Superintendent of Credit Unions has notified the general public that Jabez Financial Services Inc. and JFS Credit Union are operating in contravention of the Nova Scotia Trust and Loan Companies Act and/or Credit Union Act. The Nova Scotia Securities Commission has issued an order that all trading, whether direct or indirect, by Jabez Financial Services Inc. and JFS Credit Union cease until a full hearing is held and a final decision rendered by the commission. For more information on general fraud warnings, please refer to the link to Nova Scotia Credit Union Central-fraud warnings website. Pre-Authorization Debit Plan Authorization If you like to set up a pre-authorized debit plan with our credit union, please click on the attached link for the authorization form: Pre-Authorization Debit Plan Authorization Autorisation du client relative au plan de débit pré-autorisé Micro Credit - Finance Loan Pilot Required information: 1. application 2. written proposal concerning the business to be established including how it can generate income in the longer term. This program is available to all Nova Scotia small business enterprises that can demonstrate a viable business opportunity that plans to enhance their current income. Amounts Available: $1,000 to $10,000 (for larger amounts see the Small Business Financing Program found under the Business Solutions tab). Interest Rate: Prime plus 5% on outstanding amount. Repayment: Interest only for six months with a repayment program to be mutually agreed upon that does not exceed five years. Credit Union Deposit Receipt (CDR) This is a product worth reading about - we would welcome any feedback if there is a more flexible product with a better rate in the market. The rate is related to prime and is changed at the beginning of each month. The current rate of interest is 3.25% (this is currently 2% below prime). If prime goes up so will the rate. Effectively the rate is higher because it is paid semi-annually at the end of March and September. Monthly interest is available upon request at a reduced rate (currently 3.21%) and can be paid to your chequing account. Here is how it works… Make an investment of a minimum of $1,000 ($500 for students and seniors) and keep it on deposit for a minimum of 90 days. From day one you will earn interest but you must keep it in for the initial qualifying period of 90days to receive that interest. Once it has been on deposit for 90 days it continues to earn interest at the monthly rate that is related to prime. You can withdraw a portion or the entire amount with interest any time after the qualifying period. This deposit is insured under the Credit Union Deposit Insurance Corporation to a maximum of $250,000 per account holder. A brochure on this insurance is available upon request.

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