Equity Shares

Invest in your Credit Union

By purchasing common shares when you open your membership, you are investing in North Peace Savings and Credit Union and become part owner. 

An initial investment of $5 (five common shares at $1 each) is required. 

Investment Shares

Equity Shares are issued by the credit union to raise capital and provide an opportunity for members to invest directly in the credit union. Equity and Investment Shares gives members a secure, low risk investment option and for North Peace Savings and Credit Union, the shares provides capital, which is an important funding source for growth and new initiatives.

Investment Equity Shares have a consistent history of competitive dividend returns and are backed by the financial stability of the credit union. They provide a secure, low-risk investment option as part of a diversified portfolio and are ideal for clients who:

  • Have a long-term investment horizon
  • Are seeking higher returns in a safe investment alternative that is not subject to market volatility

You can purchase Investment Equity Shares at any time to a maximum of $6,000 (Combined between Class A equity Shares and Investment shares).

Historical Data on Dividends Paid *

2013 4.50%
2014 4.00%
2015 4.00%
2016 4.00%
2017 4.00%

Investment Equity Shares

Dividends* Dividends are declared at the discretion of the Board of Directors and paid annually. Payment of dividends is not guaranteed, nor is the dividend yield. Dividends are treated as interest income, for tax purposes.
Fees & Commissions No fees or commissions apply to purchase or management of equity shares
Term Long-term investment; no set term length or maturity date.
Share Value Shares have a fixed par value of $1.00 
Tax Implications Any dividends paid to you on your shares are taxable as interest income in the year they are paid 
Maximum Purchase Clients can hold up to 6,000 shares (combination of Class A and Investment Shares).
Eligibility Non-registered, RRSP, TFSA
Deposit Insurance Not covered by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC) deposit guarantee. Shares are backed by the financial stability of the credit union.
Redemption Share redemption is at the discretion of the Board of Directors

 

For more information, call us toll-free 1-877-787-0361 or Contact Us

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