CWCF Launches New User Portal: What OREC Members Need to Know

The Canadian Worker Co-op Federation (CWCF)—OREC’s partner for managing RRSPs, TFSAs, and other registered accounts—has launched a new online portal through Common Good Capital (CGC). This means OREC members with registered accounts can now log in directly with CWCF to view their account balances.

What does this mean for you as an OREC member?

• If you don’t hold OREC investments in an RRSP, TFSA, or Spousal RRSP, nothing changes—any investments you own remain visible only in MyOREC.

• If you do hold OREC investments in a registered account, you now have the option of checking balances in both MyOREC and the CWCF/CGC portal.

• If you haven't invested in OREC yet, well... why not? 😉 In this case, as a non-investor, you will not have any investment balances to view in MyOREC, nor will you have access to CGC's portal.

You can now confirm the balance of any registered accounts directly through CWCF's Common Good Capital. The balances should align with those provided through MyOREC, OREC's user portal app.

Why might balances look different?

• In MyOREC, balances are shown as the total value of all shares in your account.

• In CWCF’s portal, balances are shown by Class of shares; adding them together gives you the same total as MyOREC (see illustration above).

• Because CWCF updates MyOREC manually (with your permission), there may be short periods when MyOREC lags behind CWCF’s records.

• In addition, OREC applies repayments, interest, and dividends each December, while CWCF updates its records later.

Which record is official?

Your annual CWCF statement, issued each September, is the official record of registered account holdings. MyOREC remains the most complete record of all OREC investments, both registered and unregistered.

For questions, please contact Josh Dyke (CWCF) at josh@canadianworker.coop or Marion Siekierski (OREC) at marion.siekierski@orec.ca.