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VANCITY TURNS HOMEOWNERS INTO TRAVELLERS

VanCity credit union of Vancouver is offering free travel points with its new mortgage plan. Called Travel Points Mortgage, the travel points are available with new and renewed mortgages. Customers who want a three to five year mortgage will receive one travel point for every dollar of their outstanding mortgage balance. If the mortgage is for a smaller amount of time, customers will receive a fraction of a travel point. The points will be credited to either a VanCity Travel VISA or a VanCity Gold VISA. Members who do not have a VanCity credit card will be issued one. The credit union will promote the mortgage plan using local newspaper ads created by Grey Advertising's Vancouver office. VanCity has 38 branches in the Greater Vancouver/Fraser Valley area and Victoria.

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