Class A Investment Shares - 2018 Series

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Investing in Your Community for a Better Tomorrow!

Money matters are complicated enough, investing shouldn't be. Motor City Community Credit Union's Class A Investment Shares - 2018 Series gives you the unique opportunity to invest and help grow the local economy, enriching the whole community.

Class A Investment Shares - 2018 Series are for you if you are interested in diversifying your investment portfolio and potentially achieving a higher rate of return than traditional term deposits. This investment opportunity is only available for a limited time.


  • Each share has a value of $1.00
  • Minimum purchase amount $5,000
  • Maximum purchase amount $150,000

Risk Capital

  • Your investment is NOT GUARANTEED by any government body including the Deposit Insurance Corporation of Ontario (DICO)

Redemption Options

  • Non-redeemable for five years
  • Redemption is permitted after the five year locked in period at the Credit Union’s Board of Directors’ discretion and is limited to a maximum of 10% of the cumulative share offering
  • These shares are only transferable to other Motor City Credit Union Members, which must be approved by the Board of Directors

Ownership Qualifications

  • All shares are RRSP and TFSA eligible
  • Purchaser must be under the age of 66 for RRSP eligibility
  • Members are not permitted to hold shares in a RRIF
  • Non-registered shares may be held jointly

Dividend Policy

  • Dividends are NOT GUARANTEED
  • Target dividend for the first 5 years is at least 4%
  • After the 5 years, the dividend target is calculated as a 5 year average of the March 31 Five Year GIC rate plus 100 basis points
  • Dividends are paid annually, on or about the 30th of May
  • Dividends are compounded annually
  • Dividends are paid in the form of additional share certificates
  • Dividends are not paid in cash to the purchaser

The intention of this Fact Sheet Summary is to outline certain aspects of the Class A Investment Shares - Series 2018 only. It is not intended to be used as full disclosure of facts or details with respect to the share offering.

Download the Investment Shares Offering Statement
*Terms and conditions apply. Targeted annual dividend rate of 4% is not guaranteed. After 5 years the annual dividend rate is expected to be in line with all other series of the Credit Union's Class A Shares. Class A Shares – Series 2018 cannot be redeemed by the shareholder for 5 years from the date of issuance and are not insured by The Deposit Insurance Corporation of Ontario (DICO). There may be no market through which Class A Shares – Series 2018 can be sold. Class A Shares – Series 2018 can only be purchased through the Offering Statement for which a receipt has been obtained from the Financial Services Commission of Ontario. The Offering Statement details all of the terms, conditions and risks of this investment. Copies of this document are available at all Motor City Community Credit Union branches.

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