Class A Preferred Shares

Take advantage of our unique investment opportunity today.



Invest with us.

For a limited time, Consolidated Credit Union is offering a members-only opportunity to purchase our Class A Preferred Shares. This investment contributes not only to the future growth of Consolidated Credit Union and our communities but also helps your finances grow. With deposits that payout annually at 7.25%, your investment income will grow fast and strong. At Consolidated Credit Union, the opportunities to invest have never been greater.

Enrich your investment.

The Class A Preferred Shares offering is a great option for both individuals, and businesses. Add this, non-registered deposit, as a unique investment opportunity to your portfolio at a higher rate of return than traditional term deposits. 

Your goals are our goals. Take the next step in your investment journey with us.

Only a set amount of Class A Preferred Shares will be sold, with an annual payout of 7.25%, and a maximum three-year investment period.

Click here to view our Legal Disclosure before purchasing your Class A Preferred Shares.

Keep scrolling to read a list of our Frequently Asked Questions. 

Q: What is Consolidated Credit Union Offering? Expand/Collapse

A: Consolidated Credit Union is offering a Class A Preferred Share. This means that Consolidated Credit Union members can invest their money in their Credit Union while earning interest on their deposit.

Q: Who is this offer available to? Expand/Collapse

A: Any commercial or personal member (aged 18+) at Consolidated Credit Union is able to purchase a Class A Preferred Share.

Q: How much can I invest in a Class A Preferred Share? Can members purchase more than one? Is there a maximum number they can purchase? Expand/Collapse

A: Each Class A Preferred Share costs $100 with a minimum purchase of 10 shares ($1,000), and a maximum purchase of 500 shares ($50,000).

Q: Can I purchase a joint Class A Preferred Share? Expand/Collapse

A: Each Class A Share has to be assigned to a unique member number, meaning that on a joint account, the primary account holder owns the investment. If both members on the joint account want to purchase a Class A Preferred Share, the non-primary account member will have to purchase their own share under their own member number.

Q: Why is Consolidated Credit Union doing this? Expand/Collapse

A: Consolidated Credit Union is simply looking to grow their equity and grow its member's wallets. Members’ success is the Credit Union’s success.

Q: How does this benefit the Credit Union? Expand/Collapse

A: Consolidated Credit Union will receive $100 for each Class A Preferred Share issued, which will be added directly to the Credit Union’s equity.

Q: What is the interest rate on the Class A Preferred Share? Expand/Collapse

A: 7.25% annually.

Q: How long are the Class A Preferred Shares going to be on sale? Expand/Collapse

A: Preferred Shares are available on a first-come-first-serve basis, and will be available for members to purchase until March 15, 2023, or until they sell out – whichever comes first.

Q: Is this investment insured? Expand/Collapse

A: No, a Class A Preferred Share is not insured. Please refer to the Legal Disclosure for full details.

Q: If my money isn’t insured, how do I know it’s safe to invest in a Class A Preferred Share? Expand/Collapse

A: Members who invest in a Class A Preferred Share can expect their interest to accrue annually, and be paid annually, in the form of interest. In the unlikely event of the liquidation, dissolution, or winding-up of Consolidated Credit Union, all Class A Preferred Shares may or may not be paid. If there is no surplus or balance remaining after the payments of all debts and liabilities of the credit union, the holders of the Class A Preferred Shares will receive nothing. For full details, please view the Legal Disclosure. 

 

Q: What happens if I change my mind after purchasing a Class A Preferred Share? Expand/Collapse

A: Members have a two-day cancellation right after investing in a Preferred Share. You can cancel your share purchase by submitting a notice to the credit union by midnight on the second business day after either: the credit union received the completed Disclosure Statement, or on the day the credit union notified you of any amendment to the Disclosure Statement.

: Q: Where can I view the fine print regarding the Class A Preferred Share? Expand/Collapse

A: Please refer to the Legal Disclosure before purchasing a Class A Preferred Share.