Investment Shares

Investment Share Dividend Declared

The ECU Board of Directors has declared that a dividend of 2.99% be paid on its Class B Investment Shares Series 97, 03 and 10 for the period October 1, 2015 to September 30, 2016.  All dividends are in the form of additional shares and are paid effective September 30, 2016.

What Are Shares?

ECU has two types of shares:

  • Membership shares
  • Class B Investment Shares

Every member must deposit $5.00 in a share account upon joining ECU. These are the voting shares, with each member having an equal say in ECU; One share - One vote.  Membership shares are held seperately from all other deposits with the Credit Union and form part of our capital reserves.

Class B Investment Shares are non-voting shares that are sold to members in order for the ECU to generate additional capital reserves, facilitating further growth for the credit union.  Investment shares are not insured by the Deposit Insurance Corporatin of Ontario (DICO) and, therefore, have a higher projected rate of return than standard GIC type investments.  Three separate Investment Share offerings, in 1997, 2003, and 2010, generating $2,500,000.00 of investments from our members, have taken place.

Investment Opportunity

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.

Series 97 Performance

 Sep 97  5.00
 Oct 97  5.75
 Oct 98  5.60
 Oct 99  5.59
 Oct 00  6.59
 Oct 01  5.55
 Oct 02  4.95
 Oct 03  5.11
 Oct 04  4.55
 Oct 05  4.55
 Oct 06  5.05
 Sep 07  5.51
 Sep 08  5.55
 Sep 09  4.69
 Sep 10  4.55
 Sep 11  3.78
 Sep 12  3.21
 Sep 13  3.15
 Sep 14  3.23
 Sep 15

 3.08

 Sep 16  2.99

Series 03 Performance

 Oct 03  4.55
 Oct 04  4.55
 Oct 05  4.55
 Oct 06  5.05
 Sep 07  5.51
 Sep 08  5.55
 Sep 09  4.69
 Sep 10  4.55
 Sep 11  3.78
 Sep 12  3.21
 Sep 13  3.15
 Sep 14  3.23
 Sep 15  3.08
 Sep 16  2.99

Series 10 Performance

 Sep 11  3.72 
 Sep 12  3.21
 Sep 13  3.15
 Sep 14  3.23
 Sep 15  3.08
 Sep 16  2.99
 

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