Permanent Shares

Permanent shares represent a member’s long-term investment in the credit union.  They are a requirement for membership as stipulated by the Cooperative Societies Act.

Each new member is required to purchase a minimum of 40 permanent shares at $5 each.

The ownership of permanent shares is required to allow the member access to the credit union products and services.

A member may earn dividends (interest) on their permanent shares if the credit union makes a profit.