The principal use of the proceeds from the sale of Investment Shares is to add to our regulatory capital and strengthen our capital base. Increased capital will support future growth, development and stability, while maintaining a prudent cushion exceeding the regulatory capital requirement.
Class A Shares – an exclusive investment opportunity for YNCU members.
Class A Investment Shares provide diversified solutions for you, our members, and strengthen our credit union and the local communities we call home.
Investment Shares create a win/win situation for both you and the credit union. For you, they represent an exclusive investment offering a premium floating rate of return, and a chance to invest in your credit union. For YNCU, they provide an opportunity to increase our capital base, which supports future growth, development, and sustainability.
To learn more about Class A Shares review our Share Offering Brochure.
POTENTIAL RETURNS
Class A Shares present the potential to earn an excellent return, giving members another channel to build personal financial success and well-being through portfolio diversification.
INVEST IN YOUR CREDIT UNION
Purchasing Class A Shares deepens your relationship with YNCU and allows you to share in its growth.
INVESTMENT OPTIONS
You can choose from a variety of investment vehicles for your Class A Shares purchase, including Non-Registered and Registered (RRSP, TFSA) investments.
Frequently Asked Questions
2024 Your Neighbourhood Credit Union Limited. All rights reserved.
Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .
