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Historically, here are the dividends* that were paid out:
Equity Shares are issued by the credit union to raise capital and provide an opportunity for members to invest directly in the credit union. Equity and Investment Shares gives members a secure, low risk investment option and for North Peace Savings and Credit Union, the shares provides capital, which is an important funding source for growth and new initiatives.
Investment Equity Shares have a consistent history of competitive dividend returns and are backed by the financial stability of the credit union. They provide a secure, low-risk investment option as part of a diversified portfolio and are ideal for clients who have a long-term investment horizon, and are seeking higher returns in a safe investment alternative that is not subject to market volatility.
You can purchase Investment Equity Shares at any time to a maximum of $6,000 (Combined between Class A equity Shares and Investment shares).
Not covered by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC) deposit guarantee. Shares are backed by the financial stability of the credit union.
Dividends are declared at the discretion of the Board of Directors and paid annually. Payment of dividends is not guaranteed, nor is the dividend yield. Dividends are treated as interest income, for tax purposes.
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