Our Vision

We take inspiration for our initiative from a quotation by Warren Buffett. The wise investment oracle said, “Someone is sitting in the shade today, because someone planted a tree a long time ago.” He espouses not only the value of foresight, but how work and decisions today can create so much value for others into the future.

Twenty-eight years ago, four students at Georgetown University in Washington D.C. began a project to setup a credit union run for students and by students. That credit union now, has an unpaid students staff that manages $15 million in assets. Because of the work of those four in 1983, students benefit from superior student financial services and staff receive valuable work experience.

Today students at University of Waterloo and Wilfrid Laurier University are building a financial institution to provide to students services that make sense for them. Like those students at Georgetown, we are working to plant a tree here in Waterloo.

Random Testimonial

  • ~ Which factors affect credit scores?

    "Here is a website that presents the info relatively easy and not too boring: http://www.alberta-mortgages.com/articles/credit-bureau.html Also, you can get a free credit report at http://www.consumer.equifax.ca/home/en_ca. From alberta-mortgages.com:

    Here are the factors considered when calculating your credit score and an estimate of how heavily each factor might be weighted.

    » Past payment history (35 percent): bankruptcies, late payments, past due accounts and wage attachments
    » Amount of credit owing (30 percent): amount owed on accounts, proportion of balances to total credit limits
    » Length of time credit established (15 percent): time since accounts opened, time since account activity
    » Search for and acquisition of new credit (10 percent): number of recent credit inquiries, number of recently opened accounts
    » Types of credit established (10 percent): number of various types of accounts (credit cards, retail accounts,"

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