Class A Preferred Shares
SOLD OUT AS OF JAN. 4, 2023
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.
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.
A: Any commercial or personal member (aged 18+) at Consolidated Credit Union is able to purchase a Class A Preferred Share.
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.
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.
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.
A: 7.25% annually.
A: No, a Class A Preferred Share is not insured. Please refer to the Legal Disclosure for full details.
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.
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.
A: Please refer to the Legal Disclosure before purchasing a Class A Preferred Share.
