Unlike savings accounts where funds are available on demand, equity share redemption is at the discretion of the BlueShore Financial Board of Directors. To access funds held in Class C Investment Equity Shares, members must submit a redemption request (partial or full) through their branch for the Board’s consideration.
Transferability of shares
Class C Investment Equity Shares are non-transferable. In the event of the death of the shareholder, it’s been the Credit Union’s practice to redeem all the shares owned by the member or, in the case of jointly held shares, to apply the right of survivorship.