Banking Power: The Vancity Cash Management Pool

This is one of United Community Services Co-ops most successful services. The Cash Management Pool offers non-profit community organizations higher interest rates on cash with the lowest transaction fees.

Read on or download the one-page information sheet (in PDF).

Our Partnership with Vancity
Vancity is the largest credit union in Canada, building its success on a record of innovation and commitment to the community. Vancity understand the financial realities faced by social service organizations. Vancity is offering Co-op members the significant advantages of a cash management pool.

The Cash Management Pool

What is it?
The concept of the pool is that the Co-op members form a banking community and receive benefits by doing so without reducing their flexibility. The Cash Management Pool combines all of our participating members’ accounts and the larger balance created receives a higher rate of interest than members would receive on funds segregated in regular accounts.

How do you make withdrawals?
A member can withdraw cash at any time and there is no minimum balance required to keep an account active in the pool. The monthly interest is distributed directly to each member’s account.

What are the interest rates?
Current interest rates for your cash accounts:  "Bank Prime" minus 2.1% on liquid cash in your accounts.

How about service charges?
Low Service Charges have been negotiated as described in the table below

Number of Transactions	Monthly Fee
Up to 50 transactions per month	$ 5.00
51 - 100 transactions per month	10.00
101 - 200 transactions per month	25.00
201 - 500 transactions per month	50.00

What if I'm not close to a Vancity branch?
Vancity offers one of the finest internet banking systems in Canada.

How do I sign up for the cash pool?
To Sign on for the Cash Management Pool or to get more information about this service, just contact us.