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Member Share+

Increase your member share, empower your financial cooperative to achieve more.

Is this type of savings right for you?

  • You are looking for a competitive rate of return.
  • You want your investment to be redeemable at anytime.
Outlines

Key Feature: A diversified solution that strengthens our cooperative and the local communities we live in.

Redemption: Member shares are redeemable at any time.1 No minimum holding period.

Yield: Based on the distribution of the previous year’s surplus in the form of dividends.

 

1Excluding the $10 qualifying share (member share), which is redeemable when the account is closed.
Features

 

Minimum deposit
  • A minimum of 25 shares ($250 total) must be held to be eligible for dividends.
Maximum deposit
  • A maximum of 100 shares ($1,000 total) may be held per member.
Returns
  • The dividend rate is not guaranteed and is determined by the board of directors each year.
  • The dividend is calculated on the average daily balance of the account.
Other
  • Member shares are not recognized as an insured deposit by the Financial Services Regulatory Authority of Ontario (FSRA).

 

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