Supercharged Investment

Supercharge Your Investments

Education Credit Union’s Supercharged Investment provides a great rate while parking funds in anticipation of our proposed 2019 Class B Investment shares offering. You earn 3.80% in the short-term and you earn 1.5% over the average of the posted rates offered by ECU on 5 year term deposits in the long-term!*

Investment Shares help Education Credit Union to build capital to supporting us in achieving future development, growth and stability. Education Credit Union has applied to the Financial Services Commission of Ontario (FSCO) to issue a new series of Investment Shares. Pending regulatory approval by FSCO, we will be offering 2019 Class B Investment Shares to members** in April.

We invite you to invest in the future of your credit union! Speak with a Member Service Representative at your nearest branch for additional information or send us an email at info@ecusolutions.com.

Terms and Conditions Apply

Terms and Conditions

*3.80% rate effective on February 21, 2019 and subject to change. Nonredeemable, with the exception of transferring funds to 2019 Class B Investment Shares. Shares, if, and when they are offered or redeemed at the posted rate, and is not eligible for RESPs, RDSPs or RRIFs. Interest is paid at maturity, minimum $5,000 deposit.

**Education Credit Union discourages members who are 66 or older on or before December 31, 2019 from holding 2019 Class B Investment Shares in RRSPs.  However, members who are 66 may hold 2019 Class B Investment Shares, if, and when they are offered, as a non-registered investment or within a TFSA.,

The 2019 Class B Investment Shares offering is subject to approval by the Financial Services Commission of Ontario.

2019 Class B Investment Shares, if, and when they are offered, are an investment in Education Credit Union's capital and are not considered deposits.

2019 Class B Investment Shares, if, and when they are offered, are not insured by the Deposit Insurance Corporation of Ontario or any similar public agency.

Dividends for 2019 Class B Investment Shares, if, and when they are offered, are not guaranteed and are declared at the discretion of the Education Credit Union Board of Directors.

This is not an Offering Statement. If, and when 2019 Class B Investment Shares are offered, they will be sold by Offering Statement only, on a first come, first served basis.

 

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