Luminus Financial Joins Credit Unions of Ontario to Promote Co-operative Banking

Luminus Financial Joins Credit Unions of Ontario to Promote Co-operative Banking 
TORONTO, ONTARIO -- (Marketwired) -- 01/20/14 -- Luminus Financial is
pleased to announce its participation in supporting the Ontario
Awareness Campaign (the "Campaign") launched today. The Campaign is a
five year program dedicated to promote credit unions as an
alternative form of banking. 
Together with credit unions from across Ontario, Luminus Financial
has dedicated its resources to promote co-operative banking and
communicate its benefits to Ontarians, including: 

--  financial freedom for members, who are also owners of their credit
--  banking profits with a higher purpose (reinvested back into the
    communities that credit unions serve to do good things for everyone) 
--  banking services that are customized to members' needs rather than
    focused on what can be sold to them, and 
--  localized decision making 

"Luminus Financial's members have long benefited from our Member
Rebate Program, as well as lower rates and fees offered by our credit
union," said George De La Rosa, CEO of Luminus Financial. "We are
proud to join this movement in bringing co-operative banking's
benefits to all Ontarians' attention so they can maximize their
financial positions."  
The Campaign's objective is to increase the number of members in
credit unions and establish credit unions as an economically viable
and socially meaningful alternative to the traditional banking
More information on co-operative banking can be found at  
About Luminus Financial 
Luminus Financial (formerly Starnews), an Ontario credit union, was
founded in 1951. Headquartered in Toronto, Canada, Luminus provides
banking products and services, including business and personal
banking, loans, investment products and insurance to over 4,500
Renamed in 2011, Luminus is the designated credit union for employees
of Toronto Star, Metroland, Air Canada, Globe and Mail and Metro. In
2013, Luminus partnered with BDO Unibank Inc. in the Philippines to
launch the credit union's "Remit Now, Pay Later" campaign featuring
low-cost remittance programs to facilitate a cost-effective way for
members of the Filipino community in Canada to send funds to their
family and loved ones still living in the Philippines.  
Members of Luminus are also owners of the credit union. At Luminus,
members have access to financial services at the least possible cost.
Additionally, Luminus' profits are shared with its members in the
form of bonus interest on deposits and interest rebates on loans and
More information on Luminus Financial is available at 
George De La Rosa, Chief Executive Officer
Telephone: 416.366.5534 ext. 227
Toll Free: 1.877.782.7639
Fax: 647.827.1065
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