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Class B Investment Shares
Both in 1997 and 2003, the Education Credit Union provided an exclusive investment offer, giving members the opportunity to purchase Class B Investment Shares.
Class B Investment shares offer the potential to realize an excellent rate of return, while helping the credit union meet capital and surplus requirements established by legislation.
On occasion, an investor has a need to redeem his/her shares at which time, the shares can be transferred to another member. There are no fees and Investment Shares are RRSP eligible. If you are interested in taking advantage of this investment offer, we would be happy to contact you should the chance arise. Simply inform your branch and we will add your name to our waiting list. Please note the minimum investment is $1,000.
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An annual dividend is declared by the Credit Union Board of Directors, based upon the financial performance and regulations. See below to view the performance on both series to date. Dividends are not guaranteed.
Series 97 Performance
Sep 97 |
Oct 97 |
Oct 98 |
Oct 99 |
Oct 00 |
Oct 01 |
Oct 02 |
Oct 03 |
Oct 04 |
Oct 05 |
Oct 06 |
Sep 07 |
5.00 |
5.75 |
5.60 |
5.59 |
6.59 |
5.55 |
4.95 |
5.11 |
4.55 |
4.55 |
5.05 |
5.51 |
Average Rate 5.32%
Series 03 Performance
Oct 03 |
Oct 04 |
Oct 05 |
Oct 06 |
Sep 07 |
4.55 |
4.55 |
4.55 |
5.05 |
5.51 |
Average Rate 4.84%
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Us |
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| Member Services
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Education Centre
519-742-3500 |
TechTown
519-772-3050
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