We have exceeded our goal of $2 Million, thanks to the support of our members.
Our Investment Share Offering will be closing on Monday, March 15, 2010.
Please make your purchase today and join the many members helping to build our future!
For a limited time, we are pleased to offer our
Investment Shares at 4.50%*
Investment shares are a new investment opportunity available only to members. These shares provide significant benefit both to you and to the Credit Union. Members have the potential to realize an excellent rate of return while helping the Credit Union build its regulatory capital for future growth. It’s your money and your future and we value both. Our knowledgeable Member Service Officers can show you how to enjoy life today and when you retire.
WOW! Over $2,365,500 in shares sold to date!
*Share Offering Information
Download Share Offering Statement
Bank of Canada Bond Rates
As a valued member of Peoples Credit Union there is a new and exciting opportunity exclusive to you, the member.
For a limited time, we are offering you the unique opportunity to participate in “Building our Future” by purchasing Class B Investment Shares, Series 1 and 2.
The following information will help demonstrate how our share offering can diversify your financial portfolio.
What are Investment Shares?
Investment Shares are a unique investment opportunity that is available only to you, the member. They are not a product sold on a regular basis but rather a special offering that will be available for a limited time only. These shares will help to support the continuous growth and development of our credit union.
What is the Investment Share Offering?
We are offering Class B Investment Shares Series 1 and Series 2. These shares represent capital in the credit union and are offered for sale to members at $1.00 per share.
How many shares are being offered?
Peoples Credit Union is offering a maximum of $5,000,000 shares. A minimum of $2,000,000 shares must be sold for a successful share issue. At any time after achieving $2,000,000 in sales, the board of directors could decide to close the offering. This means that if you are interested in purchasing these shares, you should act quickly as time could be of the essence.
How many shares can I purchase?
Shares will be offered with a minimum value of 1,000 shares up to a maximum of 100,000 shares.
What is the difference between Series 1 and Series 2?
Series 1: is offered at a target rate of 4.50% per year for the first 5 years.
Series 2: is offered at a variable rate equal to or greater than a rate which exceeds by 100 basis points the average yield on the monthly series of the Government of Canada five-year-bonds.
To view past bond rates follow this link Bank of Canada Bond Rates and select Series V122540
Who is eligible to purchase shares?
Single purchasers: must be 18 years old and hold $25.00 member equity shares under a primary member number.
Joint Members: must be 18 years old and is limited to a maximum of two members.
In Trust: they may be purchased in trust for a specified member by another member as the Trustee.
Companies/Organizations: Businesses may purchase shares in the name of the company or organization with the signatures of the authorized signing authorities.
Are my shares covered by DICO?
The shares that are offered are not considered deposits and therefore not covered by deposit insurance.
Are the dividends guaranteed?
The intent is to pay dividends annually. It is however at the discretion of the board of directors.
Is there a tax break on the dividends paid?
No. The dividends are considered interest for tax purposes. A T5 will be issued.
How can I find out more information?
If you are interested in this exciting and unique opportunity, please take the time to read the Share Offering Statement. For further inquires or to obtain your investment shares, please contact your branch and you will be directed to a representative that will ensure that you fully understand this investment option.
Alcona Branch, 1040 Innisfil Beach Road, Innisfil ON (705) 436-6005
Stroud Branch, 8034 Yonge Street, Innisfil ON (705) 436-1910
Shelburne Branch, 133 Owen Sound Street, Shelburne ON (519) 925-3204
Tollendale Branch, 102-274 Hurst Drive, Barrie ON (7105) 719-4460
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