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Visit our COVID-19 Resources Page for updates on information.  COVID-19 Resources. 

National Truth and Reconciliation Day

All NPSCU Branches and our Member Advice Centre will be CLOSED on Friday, Sept 30th & Saturday, Oct 1st in respect of National Truth and Reconciliation Day. 

We will reopen Monday, Oct 3rd for regularly scheduled business hours. 

EFFECTIVE SEPTEMBER 6, 2022

Our Fort Nelson branch will be closed for lunch from 12-1pm.  To view all branch hours click Here. 

Buying A House? Home Ownership May Be In Reach With Only 5% Down

Many people would love to buy a home, but don’t have the 20% down payment needed for a conventional mortgage.  But there’s good news. Home ownership may still be within your reach. That’s because you may be able to buy a home for as little as 5% down if you also buy mortgage default insurance.

What is mortgage default insurance?

Mortgage default insurance protects your lender if you default on the loan.  If you default on your mortgage, your lender can start proceedings to sell or take over your property. The insurance covers your lender’s losses after the property sells.

How do I get mortgage default insurance?

Your financial institution will arrange this insurance for you through Canada Mortgage and Housing Corporation (CMHC). They pay the insurance premium directly to the mortgage insurer and add these costs to your mortgage principal. You pay this insurance back to the lender, with interest, as a part of your mortgage.

Speak with one of our North Peace Savings and Credit Union Advisors who will discuss the options available to you..

Book an appointment today! Call 1-877-787-0361.

    Associated Members

  • Shannon Luscombe

    Shannon Luscombe

    Shannon Luscombe, Manager, Retail Advisory with North Peace Savings and Credit Union with a decade of experience working within the Credit Union system.   She moved from Vancouver Island in 2019 to be with her husband who works in the Oil & Gas industry, bringing with her, Credit Union knowledge and experience to join the NPSCU team.  She has a passion for helping Members succeed in achieving their financial goals, by sharing strategies and advice gained…

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