Sonnet Insurance and Kawartha Credit Union Partner To Offer Home and Auto Insurance Coverage To Kawartha Members

Kawartha Credit Union (KCU) and Sonnet Insurance have teamed up to provide home and auto insurance for Kawartha’s members.

Photo courtesy of Kawartha Credit Union.

Sonnet is known as the country’s first coast-to-coast fully online home and auto insurance companies according to a press release.

It also states that members will have access to competitive prices including usage-based insurance options, valuable offers and potential savings of hundreds of dollars by bundling home and auto insurance, in addition to top-tier care from Sonnet’s fully licensed insurance advisors along the way.

“Kawartha Credit Union is committed to supporting our members with the best products, services, and advice to assist them in achieving their financial goals,” comments Norah McCarthy, KCU president and CEO. “Through this relationship with Sonnet, we are pleased to provide our members with access to savings on easy-tounderstand insurance options that help them get the coverage they need, with the exceptional service they are accustomed to receiving at Kawartha.”

“We are excited to team up with Kawartha Credit Union to offer their members reliable coverage to protect what matters most,” said Eric Marion, Sonnet VP of Group Insurance. “This relationship means we are well positioned to provide our secure, affordable, and easy online insurance experience to members.”

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Kawartha Credit Union Awarded Living Wage Employer Certification

It’s happy days for Kawartha Credit Union as they received the Living Wage Employer certification from the Ontario Living Wage Network (OLWN) last month, announced on Thursday.

There are over 600 certified living wage employers across the province. Photo courtesy of Kawartha Credit Union.

The living wage reflects an income that a worker must bring home to meet their basic living needs and participate more fully in life, work, and community according to OWLN. Local expenses, such as housing costs, childcare, transportation and food are factored in.

“The Ontario Living Wage Network is pleased to welcome Kawartha Credit Union to the list of over 600 certified living wage employers in Ontario,” said Craig Pickthorne, OLWN communications coordinator. “It is fantastic to see employers implement changes to ensure that their employees are earning a steady and reliable living wage. Paying a living wage is a tremendous expression of respect for individual workers, their families and the communities where they live."

The OLWN is a network of employers, employees, non-profits, researchers and proponents of decent work standards for all Ontario workers. They conduct standardized, peer-reviewed living wage calculations annually for the province and showcase the growing wave of living wage initiatives in Ontario according to a press release.

“Being recognized as a Living Wage Employer is a big accomplishment for Kawartha and our 340 employees,” said Norah McCarthy, KCU president and CEO. “We are proud that we have this designation as it supports our commitment to be socially responsible and demonstrates that we treat our employees with respect, care and have their best interests at heart.”

“Becoming a Living Wage Employer aligns well with our values, culture and purpose,” said Nancy Herr, KCU chair. “Our employees are critical in helping us achieve our purpose of supporting the financial success and well-being of our members and our communities. Being a Living Wage Employer will also help us support our employees’ financial well-being now and in the future.”

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Kawartha Credit Union Grow Assets By 5.7 Per Cent; Hold 71st Annual General Meeting

Kawartha Credit Union has reported that its assets grew by 5.7 per cent which was reported at the 71st Annual General Meeting announced on Friday afternoon.

Photo courtesy of Kawartha Credit Union.

The meeting was held virtually on Wednesday as the bank received the Board of Directors annual. The 5.7 per cent ended the year at $2.13 billion, according to Norah McCarthy, president and CEO.

“We earned a net income of $7.5 million, increased our membership and grew our loan book at a pace faster than we have achieved in a number of years,” she said.

The meeting also elected three Directors to Kawartha’s Board, Mary McGee, Colin McKeen and Thomas Gregoriades. They are taking over for Gerard Byrne, Emma Elley and Carl Silvestri who have left the board. The meeting also recognized Carl Silvestri for serving on the Board for 37 years. An online election was conducted from January 27 to February 10 that sought out the new members.

“We thank our members for their trust in us and for the privilege of helping them achieve their financial goals,” said McCarthy. “We are also grateful to our employees for their commitment to our members’ financial success and well-being.”

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Kawartha Credit Union Earns Customer Service Award

Top-notch service has been recognized as Kawartha Credit Union (KCU) has been awarded a MemberXP 2023 Best of the Best Award winner announced on Wednesday.

Photo courtesy of Kawartha Credit Union.

The Best of the Best Awards are presented to credit unions that consistently provide extraordinary service, as reported by their own members according to a press release.

“We are delighted that our members took time to give us feedback on our service and will use it to continue to improve the banking experiences we provide to our members,” said Peter Van Meerbergen, Kawartha’s Executive Vice President, Member Experience. “I am proud of the Kawartha Credit Union team for delivering on our core value of member service excellence, and for being recognized for their exceptional efforts with these distinctive awards.”

“Creating member loyalty in a sea of ever-increasing competition from other financial institutions and Fintechs is no easy feat,” said Norah McCarthy, Kawartha’s President and CEO. “Members who actively engage with us provide valuable insight to drive change and improvement for the organization. Our teams not only listened to the needs of our members, but they also acted on those responses for remarkable results.”

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