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Local Investments, Premium Returns

When you buy WFCU Credit Union Investment Shares, you’re investing in a locally grown financial institution who puts your needs first.

Proven Returns

A product with a history of market-leading dividends means more money back in your pocket.

Hands-on Support

Providing better services and programs for our communities to enjoy.

Financial Tools

Industry-leading products built to help all our members reach their financial goals.

Start enjoying premium returns today with WFCU Investment Shares!

Learn more about WFCU Investment Shares and see if they are a right fit for your financial goals.

Prefer to skip the form? Contact a branch near you or email info@wfcu.ca.

Investment Shares- REVISED
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How do Investment Shares work?

Investment Shares are a straightforward investment option. Each Investment Share costs $1 with a minimum purchase of 500 Investment Shares ($500) to get started. This can be funded from your account, including your Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), or Registered Retirement Income Fund (RRIF).

What Are the Benefits?

Premium Returns

If you’re looking to diversify your portfolio while minimizing risks, our Investment Share series is the perfect addition to your holdings.

View Historical Returns

Stronger Together

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

Local Impact

Investment Shares help support our mission to make the 20 communities we serve the best places to live and work.

Comparison

Investment Shares vs GICs vs Publicly Traded Shares

WFCU Investment Shares GIC Publicly Traded Shares
Company Ownership Yes No Yes
Purpose Grow the Credit Union while providing a return members who hold investment Provide a return to deposit holders Grow the company while providing a return to shareholders
Typical Horizon Long -Term Short to Medium-Term Short to Long -Term
Risk Level Lower Lower Higher
Registered Product Eligibility Yes (RRSP, TFSA, RRIF) Yes (RRSP, TFSA, RRIF, FHSA, RESP, RDSP) No
Returns Dividends Based on Fiscal Performance Fixed Percentage Rate Varies; Value Fluctuates Based on Market Demand, Potential for Dividends Based on Fiscal Performance for Certain Shares
FSRA Insured No Yes No
Fees to Purchase No No Can be a percentage fee or flat fee. Depends on platform used to purchase.

Historical WFCU Investment Shares Return (Series 1)
in Comparison to GICs Return

* Rate displayed is for WFCU Credit Union Series 1 Class A Investment Shares. Rate is reflective of the actual dividend paid. **Rate displayed is the actual 1-year WFCU GIC rate as at April 1 of each respective year. †Amounts reflected are a comparison of WFCU Credit Union Series 1 Class A Investment Shares and a WFCU Credit Union 1-year GIC held since 2010 and includes annual compounding.

Ready to Start Investing Locally and Enjoying Premium Returns?

Get Started

Frequently Asked Questions

Investment Shares

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

Investment Shares are not guaranteed by FSRA as they are considered capital investments in a company, a financial instrument that is outside of the deposit insurance coverage provided by FSRA.

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Can a member purchase Investment Shares jointly?

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

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How does the Investment Share purchase process work?

The process is simple. The minimum allowed purchase is 500 Investment Shares, which equates to $500, to a maximum which depends on the Series of Shares being purchased. You can use funds from your account, including a Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) to purchase Investment Shares. 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.

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What are Investment Shares?

Investment Shares are an excellent, long-term investment option that allows you to directly invest in WFCU Credit Union and its divisions. They have historically paid a premium rate of return, by way of dividends declared each year by the Board of Directors, based on the fiscal performance of WFCU Credit Union.

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What is the purpose of Investment Shares?

Investment Shares provide additional capital to WFCU Credit Union and its divisions, enabling the credit union to grow and expand operations. The funds raised through the purchase of Investment Shares are added to WFCU Credit Union’s Regulatory Capital – and provides an increased capital base for the credit union’s future growth. Funds raised will enable the credit union to offer competitively priced and innovative products/services and expand into new areas to better serve you.

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Who can become a member?

Membership is open to anyone living or working in Ontario.

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Who can purchase Investment Shares?

Any eligible member of WFCU Credit Union and its divisions can purchase Investment Shares. Eligible members include individual members (age 18+), as well as corporations, partnerships, and formal trusts.

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