Updating addresses credit unions

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October 20, 2014 – Ottawa, Ontario – Department of Finance Minister of State (Finance) Kevin Sorenson today spoke at the Credit Union Government Relations Forum in Ottawa, where he provided an update on the status of the economy and an overview of the economic agenda of the Harper Government.

Minister Sorenson reiterated the importance of returning to balanced budgets, increasing financial literacy and the shared priority of both the Government and credit unions to strengthen local communities.

Minister Sorenson applauded credit unions for their efforts to improve financial literacy and consumer protection.

It's hard to say exactly how long you'll have to wait, but since creditors generally only report once a month, it could take about 30 to 45 days for the changes to reflect.

Soon London Mutual Credit Union will be introducing a new fully integrated computer system to manage members' accounts. Remember to visit our New Banking System Updates page regularly to keep abreast of the new developments.

It's the one essential I can't imagine leaving behind at the wrong address.

Since you'll need to wait for both your creditors and the bureaus to make their respective changes, practicing some patience might come in handy.Any previous addresses reported to Experian will remain on your report as part of your identifying information, but the new address will be the most recent and current address on file. Whenever I move, the first thing I make sure to change is the address my magazine subscription goes to.You should provide your new address to your lenders.After you do so, they will update the address on your accounts.

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