A Better Way to Invest - limited time offer
4.29 Percent
Podium
Class A Series 8 Investment Shares

Looking for a premium rate of return? WFCU Credit Union Series 8 Class A Investment Shares pay an annual rate of return of 4.29% for the first three years.* As a long-term investment, they’re perfect for your TFSA, RRSP or RRIF. Plus, there are no fees or commission. Read on to see why this is a better way to invest. Get your Investment Shares today!

Magnifier
Chart Lines
chart

What are Investment Shares?

Investment Shares are an investment option that allows you to directly invest in WFCU Credit Union and earn a premium rate of return. The performance of WFCU Credit Union Series 8 Class A Investment Shares is a direct reflection of the strength, security and sound financial management of the Credit Union. Since the inception of our first series of Investment Shares in 1997, WFCU Credit Union has paid a total of $23 million in planned annual dividends to investors.

How do Investment Shares work?

Investment Shares are a straightforward investment option. Each Investment Share costs one dollar (1 Share = $1.00). There are no commissions or fees associated with purchasing Investment Shares. The minimum purchase is $500.00 (500 Investment Shares). This can be funded from your WFCU Credit Union or ECU – A Division of WFCU Credit Union account, including Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) or Registered Retirement Income Fund (RRIF).

To Do List
Laptop Lady
PencilPusher

The Benefits

Premium Returns

Our Series 8 Class A Investment Shares can earn a premium rate of return of 4.29% for the first 3 years*, one of the highest rates we’ve ever offered.

Diversification

If you’re looking to diversify your portfolio while minimizing risks, our Series 8 Class A Investment Shares are the perfect addition to your holdings.

Stronger Together

When you invest directly with us, it helps strengthen WFCU Credit Union, benefitting all members through innovative banking products and services.

Community Investment

WFCU Credit Union is committed to making the communities we serve the best places to live and work. Investment Shares help support this.

What could you be earning?

Want to see how much you could earn with our Series 8 Class A Investment Shares? Our calculator tool shows you just how much the annual dividends can add up, including interest earned and total invested amounts. Simply input an amount to calculate and compare.

Calculate Your Earnings

Enter your investment amount below and click “Calculate” to view your potential earnings.

Estimated Returns after 5 years*

Investment in WFCU Shares with dividends reinvested

Investment in WFCU Shares with dividends paid out annually

Investment at today's 5 Year GIC rate

*Calculator tool shows total estimate value of the investment at the end of five years. For illustrative purposes only. See Investment Share Offering for details.

Frequently Asked Questions

What are Investment Shares?

Investment Shares are an excellent long-term investment option that allows you to directly invest in WFCU Credit Union and earn a premium rate of return. Members of either WFCU Credit Union or ECU – A Division of WFCU Credit Union are eligible to purchase these Investment Shares.


What are the main benefits of Investment Shares?

Investment Shares are ideal if you are seeking a long-term investment to diversify your portfolio. They can produce a premium rate of return, usually exceeding GICs. In fact, compared to five-year GIC investments, WFCU Credit Union Investment Shares have traditionally provided superior returns.


What is the purpose of Investment Shares?

Investment Shares provide additional capital to WFCU Credit Union, enabling the Credit Union to grow and expand its operations. The funds raised through this offering will be added to the Credit Union’s Regulatory Capital, and provide an increased capital base for the Credit Union’s future growth.


How does the Investment Share purchase process work?

The process is simple. The minimum allowed purchase is 500 Investment Shares, which equates to $500.00. This can be funded from your WFCU Credit Union or ECU – A Division of WFCU Credit Union account, including Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) or Registered Retirement Income Fund (RRIF). You will be given an Offering Statement document, which contains all the information needed to make an informed decision about purchasing Investment Shares. Upon completion and submission of the required paperwork, a date of when the Investment Shares will be purchased is provided.


Who can purchase Investment Shares?

Any eligible WFCU Credit Union or ECU- A Division of WFCU Credit Union member is able to purchase Investment Shares. Eligible members include: members (age 18+), as well as corporations, partnerships and formal trusts.


Who can become a member?

Membership is open to anyone living or working in Ontario.


Can a personal member purchase Investment Shares jointly?

Yes. Personal members can purchase non-registered Investment Shares singly and/or jointly (maximum of two).


Are Investment Shares insured by the Financial Services Regulatory Authority of Ontario (FSRA)?

Investment Shares are not guaranteed by FSRA. As the actual rate of return with Investment Shares cannot be guaranteed, they are ineligible for FSRA coverage.

How much do Series 8 Class A Investment Shares cost to purchase?

It’s straightforward: $1.00 = 1 Share.

 

Are there any fees or commissions?

There are NO fees or commissions associated with the purchase or management of Series 8 Class A Investment Shares.

 

Who can purchase Series 8 Class A Investment Shares?

Series 8 Class A Investment Shares may be purchased by any eligible WFCU Credit Union or ECU – A Division of WFCU Credit Union member.

Eligible members include: members (age 18+), as well as corporations, partnerships and formal trusts.

 

How much can I earn with Series 8 Class A Investment Shares?

The performance of WFCU Credit Union Series 8 Class A Investment Shares is a direct reflection of the strength, security and sound financial management of the Credit Union. For Series 8 Class A Investment Shares, the Board of Directors expects to declare dividends of 4.29% for the first three (3) years. (3.0% is the minimum target dividend rate, plus members receive a 1.29% bonus dividend for the first 3 years.)

 

What is the amount of Series 8 Class A Investment Shares a member can purchase?

The minimum amount of Series 8 Class A Investment Shares a member can purchase is $500.00 (500 shares) and the maximum amount is $1,000,000.00 (1,000,000 shares).

 

When is the dividend on Series 8 Class A Investment Shares paid?

The dividend on Series 8 Class A Investment Shares is paid after it has been declared by the Board of Directors, on the anniversary date of issuance.

 

How is the dividend on Series 8 Class A Investment Shares paid?

The dividend on Series 8 Class A Investment shares may be paid in the form of additional Series 8 Class A Investment Shares, in cash, or partly in shares and partly in cash, as determined by the Board of Directors.

 

How long is the Series 8 Class A Investment Shares term?

WFCU Credit Union’s Series 8 Class A Investment Shares must be held for a minimum of five years from the date of issuance.

 

Can I redeem and cash out my Series 8 Class A Investment Shares whenever I choose?

Series 8 Class A Investment Shares are locked in for the first five (5) years. After the initial five years, you may sell your Series 8 Class A Investment Shares at any point as long as there is an eligible member of WFCU Credit Union willing to purchase the equal amount you wish to sell, and it is approved by the Board of Directors. WFCU Credit Union will help facilitate this process by finding another WFCU Credit Union or ECU member interested in purchasing your Investment Shares.

 

How are Series 8 Class A Investment Shares redeemed?

Investment Share redemption is at the discretion of the Board of Directors. To access funds held in Series 8 Class A Investment Shares, members can submit a redemption request (partial or full) through their branch, for the Board’s consideration.

The Series 8 Class A Investment Shares can be redeemed at any time after the fifth year of the issue date of the Series 8 Class A Investment Shares, subject to the satisfaction of the conditions as outlined in the WFCU Credit Union Articles of Incorporation and any amendments thereto.

 

Can I transfer Series 8 Class A Investment Shares that I purchased?

Series 8 Class A Investment Shares may only be transferred to another eligible member of WFCU Credit Union or ECU – A Division of WFCU Credit Union. Transfers are subject to the approval of the Board of Directors. Transfer requests must be in writing, using a form approved by the Board.

 

Can I change my mind after I have purchased Series 8 Class A Investment Shares?

Yes. If you change your mind after you have already purchased Series 8 Class A Investment Shares, the decision may be reversed by providing notice to us within two (2) days of your purchase (excluding weekends and holidays).

 

Are Series 8 Class A Investment Shares eligible as registered products?

Series 8 Class A Investment Shares are eligible for Registered Retirement Savings Plans (RRSP), Registered Retirement Income Funds (RRIF) and Tax Free Savings Accounts (TFSA).

Transfer requests must be made in writing using the official Board-approved form.

How do I purchase Investment Shares?

Visit one of WFCU Credit Union’s retail locations, call 519.974.WFCU (9358), or fill out the form below to have a WFCU Credit Union member consultant contact you. If you are already a member of WFCU Credit Union or ECU – A Division of WFCU Credit Union, Investment Shares may be purchased from your existing member account.

 

Can an existing WFCU Credit Union GIC be transferred to purchase Investment Shares?

Yes, existing WFCU Credit Union or ECU – A Division of WFCU Credit Union GICs can be transferred before maturity for the purpose of purchasing Investment Shares. There is no penalty for this action.

 

Can I borrow funds from WFCU Credit Union to purchase Investment Shares?

Yes, eligible members of WFCU Credit Union or ECU – A Division of WFCU Credit Union may borrow funds for the purpose of purchasing Investment Shares.

Start Investing Today!

Whether you’re an experienced investor or just starting out, WFCU Credit Union Series 8 Class A Investment Shares can be a great way to build your savings, diversify your portfolio and reach your ultimate financial goals. Take the first step by speaking with one of our Member Consultants today!

* Dividends on Series 8 Class A Shares are declared by the Board of Directors in its sole discretion, subject to restrictions. For the first five years, the Board of Directors anticipates a minimum dividend rate equal to 3.00% and for the first three years, to declare a special bonus dividend at a rate of 1.29%, yielding a total dividend rate of 4.29% for these first three years. Yearly payment of dividend is not guaranteed. After the fifth year, the minimum dividend rate will be reset annually by the Board of Directors, at its sole discretion. This dividend policy is subject to change or exception at any time. Members are required to read the Offering Statement before purchasing shares. Terms and conditions apply. See Series 8 Share Offering Statement for complete details.