Questions and answers regarding permanent shares

Why Permanent Shares?

Our credit union must be fully compliant with International Financial Reporting Standards (IFRS) and International Credit Union best practices. This compliance necessitated the introduction of Permanent Shares. Permanent Shares provides stability to the Credit Union's capital and places it in a mode to undertake expansion and enhancement of services to members.

Dividends will be paid on your Permanent Shares.

What are Permanent Shares?

These are shares or "equity" that each member must invest permanently in the Credit Union. It represents the member's ownership and personal investment in the credit union.