Profit and Investment Shares

Review Your December 2017 Statement for Your Share of Profits

On December 6, 2017, the Board of Directors approved the payment of a dividend prior to December 31, 2017 of 4.10% on outstanding Class B Investment Shares, Series 1, Series 2 and Series 2016 on record as of November 30 for a total of $1.082 million.

The Board of Directors also approved the payment of a dividend prior to December 31, 2017 of 0.83% on outstanding Profit Shares on record as of November 30 (subject to a minimum payment of $2.00 and account in good standing) for a total of $15.3 thousand.  
 
Only the dividends paid on non-registered deposits will be taxable to the member.  T5’s for 2017 will be mailed to members in February 2018. 

Redemption Conditions

Profit Shares and Investment Shares are considered capital of the Credit Union and, as such, redemption is limited and subject to regulatory conditions. The Credit Union can only redeem a maximum of 10% of total Profit Shares and a maximum of 10% of total eligible Investment Shares each year.

Questions?

Please visit your branch or call our Member Solutions Centre: 1.800.598.2891.

 

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