Central 1 RDSP and RESP

Central 1 Certified to Offer RDSP and RESP Plans

Toronto, ON, Canada – December 3, 2012. Strategic Information Technology Ltd. (SIT) is pleased to announce that Central 1 has been certified by Human Resources and Skills Development Canada (HRSDC) to manage Registered Disability Savings Plans (RDSPs) and Registered Education Savings Plans (RESPs).

"SIT worked with us throughout the implementation and certification process to ensure that we were ready," said Bob Perfonic, Director, Financial Services for Central 1, "and we look forward to continuing to work with them to improve our offerings to credit unions."

"The Registered Disability Savings Plan and the Registered Education Savings Plan are two great vehicles for Canadians to help enhance the future of their children's lives," said G. Robert Leeming, President of SIT. "We’re very pleased to see Central 1 take a leadership role for both of these savings plans."

SIT was the first software vendor in Canada to offer software to administrate RDSPs.

Portfolio Plus enables banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage. Portfolio Plus, with its Plug-In BankingTM architecture, enables financial organizations to add functionality as they require it, making it one of the most versatile solutions in the market.

About Strategic Information Technology Limited

SIT, formed in 1988, develops and markets Portfolio Plus which is used by customers like RBC, CIBC, TD, ING Bank of Canada, PC Bank, Canadian Tire, and Manulife. Portfolio Plus offers a unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.

SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.

Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

For more information:
Adam Long
Strategic Information Technology
Telephone: 905-640-0808 x452
Email: adaml@stratinfotech.com


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This page was created or refreshed on October 15, 2018 @ 12:07:20
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
You're here to learn about: Central 1 Credit Union RDSP RESP Administration