Class A Investment Shares - 1996 & 2005 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 - 1996 & 2005 Series gives you the unique opportunity to invest and help grow the local economy, enriching the whole community.

Class A Investment Shares - 1996 & 2005 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.

To invest in the Class A Investment Shares - 1996 & 2005 Series contact:
Anna Morle at 519-252-0123 ext. 232.


  • Each share has a value of $1.00
  • Minimum purchase amount $5,000
  • Maximum purchase amount for 1996 Series $50,000
  • Maximum purchase amount for 2005 Series $100,000

Risk Capital

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

Redemption Options

  • Non-redeemable for one year
  • Redemption is permitted annually at the Credit Union’s Board of Directors’ discretion and is limited to a maximum of 10% of the cumulative share offering
  • The Credit Union will seek to find a transferee for any and all redeemed shares on a first come first serve basis
  • These shares are not transferable

Ownership Qualifications

  • All shares are RRSP and TFSA eligible
  • Purchaser must be under the age of 71 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 as a three year average of the Five Year GIC rate plus 100 basis points (there is no minimum or maximum dividend)
  • 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

Previous Share Offering Historical Data

Past Dividend rates:
2018 - 3.00%     2017 - 2.75%     2016 - 2.75%     2015 - 2.90%
2014 - 3.00%     2013 - 2.50%     2012 - 3.00%     2011 - 3.75%

Note: The intention of this Fact Sheet Summary is to outline certain aspects of the Class A Investment Shares - Series 1996 & 2005 only. It is not intended to be used as full disclosure of facts or details with respect to the share offering.

*Terms and conditions apply. 2.9% Average Annual Dividend Rate calculated using previous Share Offering historical data. Targeted annual dividend rate of is not guaranteed. Class A Shares – Series 1996 & 2005 cannot be redeemed by the shareholder for 1 year 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 1996 & 2005 can be sold. Class A Shares – Series 1996 & 2005 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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