An investment in growth for all of us.
Class B Investment Shares are an investment in the capital of Tandia Financial Credit Union. These shares offer members the potential to realize an excellent rate of return while helping build the Credit Union’s capital base for future growth.
Investment Shares are securities that are non-cumulative, non-voting and non-participating. It is important to note that they are not insured or guaranteed by the Deposit Insurance Corporation of Ontario. As well, the dividends are not guaranteed.
When offered, Investment Shares are sold for a limited period of time on a first-come, first-served basis and are TFSA, RRSP and RRIF eligible. Tandia currently has three outstanding series of Class B Investment Shares that were initially sold for a minimum term of 5 years:
Series 1 (2003) (closed)
Series 2 (2010/11) (closed)
Series 2016 (closed)
Series 2021 (closed)
Each Series has its own Offering Statement with full details that was provided at the time of sale. Investment Shares are not an ongoing investment offering, however, periodically existing Investment Shares are redeemed and become available for sale.
To initiate the sale or transfer of Investment Shares or to request the purchase of available Investment Shares from an existing Series, please visit your branch or contact the Member Solutions Centre.
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 eligible Investment Shares each year.
For more information about Tandia’s Class B Investment Shares, visit your branch or contact our Member Solutions Centre.