What are Class B Investment Shares?

Class B Investment Shares are an exclusive investment opportunity available only to The Police Credit Union members. Class B Shares provide the opportunity to earn an attractive rate of return. We encourage you to contact your branch to make an appointment with a Financial Service Officer who can walk you through the Offering Statement and the purchase process.

Why is The Police Credit Union selling Class B Investment Shares?

The purpose of this offering is to add to the Credit Union’s Regulatory Capital to provide for the future growth, development and stability of the Credit Union which will enable us to meet our long-term strategic goals.

Are Investment Shares eligible for Registered Retirement Savings Plans (RRSP) and Tax-Free Savings Accounts (TFSA)?

Yes, Class B Investment Shares are eligible as non-registered or RRSP or TFSA.

Who can purchase Investment Shares?

The Police Credit Union members who are 18 years of age and over are eligible to purchase Class B Investment Shares.

What type of investor should consider Investment Shares?

Investment Shares are suitable for members seeking a long-term investment, looking to diversify their investment portfolio, and who are willing to accept a moderate level of risk for potentially higher returns.

What type of investor should not consider Investment Shares?

Class B Investment Shares are not suitable for members who may need access to their funds in the short-term or who prefer minimal risk.

What is the purchase price of an Investment Share?

Each Investment Share is priced at $1.00. The minimum investment is $5,000 (5,000 shares) and the maximum is $150,000 (150,000 shares).

What is the sales period? How many Class B Investment Shares will be sold?

Sales are currently CLOSED and the maximum of $5,000,000 of shares was reached.

What dividend rate can I expect to earn?

Dividends are not guaranteed and must be approved on an annual basis by the Board of Directors. The Police Credit Union plans to pay a rate which exceeds by 2% of the posted rate offered by the Credit Union on its five-year term deposits as of the end of each month in its fiscal year. Dividends will be pro-rated in the year of purchase. Dividends can be paid in the form of: additional Class B Shares, cash, or a combination of shares and cash. There is no guarantee that a dividend will be paid each year. Dividends are non-cumulative, therefore, if a dividend is not paid in a given year, it will not be added to the next dividend.

How do I Invest?

Call your branch to arrange an appointment with a Financial Service Officer.

Note: Class B Investment Shares are not deposits, therefore they are not insured or otherwise guaranteed by the Financial Services Regulatory Authority of Ontario (FSRA) or any similar public agency. Dividends are not guaranteed and must be approved on an annual basis by the Board of Directors. There is no market through which these securities may be sold. Members purchasing Class B Shares should carefully review the offering statement and any other documents it refers to.