Common Shares

• All BVCU members have common shares account. It’s what you get for the $25 you pay when you open an account.
• You can purchase up to $175,000 common shares per membership for just $1.00 per share, (minimum $25.00) to help diversify your portfolio.
• Quarterly dividends are paid based on the combine total of common shares purchased plus any of the accumulated dividends.

• The rate of return fluctuates and is determined by the board of directors each fiscal quarter. Giving back more often!
• The rate of return is announced quarterly.
• Dividends will be paid based on the balance in your Common Share as of the end of each fiscal quarter starting January, April, July and November. Paid directly back into your commons share account.
• So far in 2024, we have paid back to our membership 1.59% on all common shares in July! with an annual interest rate of 6.50% dividend on each common share.

*Past performance is not an indicator of future performance

• The maximum you can purchase for your common share account is $175,000. Registered accounts can build further with annual dividends.
• An additional option, you can maximize your contribution by stacking your memberships. How can I do this? By having a single account, joint account you would now qualify for two memberships and have the ability to invest up to $175,000 in each membership. This may include children, business, or other joint accounts.

• Take advantage of dividend payments quarterly!
• It’s an investment in the BVCU.
• If you like what we do and our values, by helping build our common share position we can continue to grow, reach more members and continue to support financial needs.

• This is a long-term investment in the credit union.
• Redemption of Common Shares is subject to preconditions. Common Shares cannot be redeemed if the Credit Union is insolvent or, in certain other cases.
• All special withdrawal request will be subject to approval.

• Unlike the rest of our deposit accounts, common share accounts are not guaranteed by the Credit Union Deposit Guarantee Corporation.

• No, you have one common share account and funds are not separate.

• We wanted to stick to our grassroot as a cooperative, therefore one member has one vote, regardless of share ownership.

• Once you reach the maximum amount of shares held ($175,000) members will continue to receive dividend payments.
• Once you reach $200,000 in common shares, dividends will be paid as cash and deposited into your chequing or savings account held at BVCU.
• Registered accounts will continue to pay back into your investment.
• Please note the commons share maximum may be increased at Annual General Meetings and voted on by the membership.

• You can view e-statements through your on-line banking.

• Not necessarily. The Board of Directors are authorized to make that decision based on quarterly financial profits, while ensuring the long-term financial success of Bow Valley Credit Union.

• They are not guaranteed and the program is subject for review from time to time.