Small and medium-sized businesses that are office rental Toronto clients are learning the advantages of credit unions. They are seeing banks making record profits and they, the customer, are paying higher banking fees to keep the profits up. Small businesses can not afford to line the pockets of millionaire bank executives and bank shareholders are now looking at not for profit or non-profit banking alternatives that will help them keep their business in the game.

Credit unions are similar to traditional banks in the sense that they both offer financial products to customers, but credit unions are member-focused rather than profit-focused. A credit union is a cooperative, which means it is owned and controlled by its members, as opposed to being owned by its stockholders like a bank. Once an office space Toronto business is granted membership to the credit union and you have made your initial deposit, you are then a part owner and this gives you a vote on how the credit union is run.

Business owners who rent office space Toronto have found that credit unions can offer higher interest rates on savings accounts and term deposits as well as offering lower interest rates on loan products such as small business loans, lines of credit and even credit cards, all because they are not-for-profit or non-profit. As well small businesses cannot afford to be nickel-and-dimed on banking fees that will often take a bite out of the small businesses’ ability to show a profit.

Some of the advantages of credit unions

Lower Fees
Higher Interest Rates on savings accounts and term deposits
Lower Loan and Credit Card Rates
Customer Focused Banking with Better Service
More Flexibility

For those who have Toronto office for rent from Telsec, Luminus Financial (formerly Starnews Credit Union) is conveniently located just downstairs on the second floor of the Toronto Star Building and there are almost never big line-ups for the tellers. Even those who are employees of small businesses that that have office rental Toronto with Telsec have become Luminus Financial members. They see the savings on the cost of borrowing and the higher returns they get when they deposit their money.

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

We are the highest Tech centre in the market

We have a very modern, high quality, brand new facility located at:

18 King Street East, Suite 1400

Toronto, Ontario M5C 1C4 Canada

- 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
- A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
- Building is located in Toronto's vibrant financial district
- Plenty of parking available in the area including street parking and reserved parking in the 18 King building
- Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
- Onsite amenities: Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street
- Nearby amenities: underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services
- New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
- We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
- Largest training room and conference facilities accommodate up to 60 people classroom style
- Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
- Private shower room
- Indoor Reserved Parking at the current building rental rate
- Bicycle parking
- Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
- Telsec has over 650 locations in 40 different countries worldwide available for their clients. Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location. Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location
- King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance

Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements.

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.

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Our Amenities