Invest in Common Shares

Our Vision

To be the recognized leader in applying Christian values to financial services.
- Psalm 24:1

Build on a solid foundation by investing in Common Shares* and make a difference in the lives of more Christians.

Christian Credit Union is being blessed with growth in membership, assets, loans, and revenue. We are very thankful for all this growth, and yet it leads to a new challenge – we need to increase our capital to keep pace with growth. Most of our capital is made up of retained earnings from previous profits but the current interest rate environment means that we cannot generate enough profit to keep pace with our growth. As a result we are asking our members to consider investing some of their money into common shares at the Credit Union. Investing in common shares will support our ability to grow and support the Christian community in Alberta but you will have to keep in mind that common shares are not easily accessible and are not guaranteed by the Credit Union Deposit Guarantee Corporation. We will be working on additional ways to increase investment in capital at the Credit Union over the next several months. Stay tuned!

- John Veldkamp, CEO

Frequently Asked Questions

  • We pay an annual dividend on the shares and the 5 year average of return has been 2.08% but rates are lower currently and we will be paying 1.10% this year.
  • This rate fluctuates and is determined by the board of directors each year
  • The rate is announced in November each year along with our profit sharing rate
  • There is no minimum that you can contribute.
  • The maximum you can have in your shares is $30,000
  • It’s an investment in the Credit Union. If you like what we do, by helping build our share position we can continue to grow, reach more members and continue to do what we do best and that is to be the leader in applying Christian Values in financial services.
  • The account is restricted so you can’t access these funds until the account is closed. It is a long term investment in the Credit Union so you have to be mindful of how much you want to contribute.
  • Unlike the rest of our accounts, common share accounts are not guaranteed by the Credit Union Deposit Guarantee corporation
  • No, it is one account and funds are not separate. These are not registered investments, so we do not have to separate contributions amounts.
  • Joint accounts are either or. While we recommend that you both sign, we will accept one to sign.
  • Once you reach the maximum amount of shares, any profit sharing or dividends will be paid as cash and deposited into your chequing or savings account at the Credit Union
  • This is on your statement. You can view e-statements through your on-line banking.

Are you ready to invest in Common Shares?

Talk to one of our team members.

*Some conditions apply.

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