Invest in your credit union

As a co-operative, BlueShore Financial Credit Union issues various types of shares to its members. Shares provide capital funding for projects that benefit our members, including new branches, renovations, computer system upgrades, and other projects designed to improve the client service we provide.

Membership Shares (Class A)

When you open an account at BlueShore Financial, you become not just a member, but an owner of our credit union. Membership Shares are a prerequisite to:

  • Joining and using BlueShore Financial’s services
  • Voting rights in director elections and special resolutions††
  • Choosing to stand for election as a director or serve on a BlueShore Financial Board committee††
  • Having a a say in how our credit union is managed and governed

††Available to members who are 19 years of age or older, in good standing (own the required number of shares), and are not more than 60 days delinquent in any obligation to BlueShore Financial.

Members are required to purchase a minimum of 25 shares ($25).

Investment Equity Shares (Class C)

Investment Equity Shares provide members with a higher yield on their investment, earning a premium rate of return that is targeted to outperform traditional term deposits. They provide an opportunity for members to invest directly in the credit union’s future growth and expansion.

Investment Equity Shares have a consistent history of competitive dividend returns and are backed by the financial stability of the credit union. They provide a secure, low-risk investment option as part of a diversified portfolio and are ideal for clients who:

  • Have a long-term investment horizon, such as estate planning (shares are not redeemable, other than in limited circumstances)
  • Are seeking higher returns in a safe investment alternative that is not subject to market volatility
  • Are not concerned with having access to their funds for ongoing expenses or immediate use.

You can purchase Investment Equity Shares at any time, and add to your share holdings over time – much like any savings account. Your dividends can be reinvested to purchase additional shares (like interest compounding, for greater returns) or paid out to supplement your income. You can modify how you’d like your dividends paid, as your financial needs change.

Investment Equity Shares Summary††
Dividends Dividends are declared at the discretion of the Board of Directors and paid quarterly. Payment of dividends is not guaranteed, nor is the dividend yield. Dividends are treated as interest income, for tax purposes.
Fees & Commissions No fees or commissions apply to purchase or management of equity shares.
Term Long-term investment; no set term length or maturity date.
Share Value Shares have a fixed par value of $1.00. There is no active “resale” market for equity shares; they are “redeemed” when the credit union buys them back from a member.
Minimum Purchase 1,000 shares ($1,000); minimum amount for subsequent purchases is $500.
Maximum Purchase Clients can hold up to 500,000 shares ($500,000). Purchases over 250,000 shares require approval from the credit union.
Historical Rates of Return Consistent history of competitive dividend returns.
Eligibility Non-registered, RRSP, TFSA.
Redemption Requests to redeem shares (partial or all) are approved at the discretion of the Board of Directors.
Transferability Share ownership is not transferable, except in situations involving jointly held shares, where rights of survivorship apply as noted on the Share Subscription Agreement.
Deposit Insurance Not covered by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC) deposit guarantee. Shares are backed by the financial stability of the credit union.

For full details on Class C Investment Equity Shares, please speak with a BlueShore Financial financial advisor to determine if this investment option is right for your needs.  A Class C Investment Equity Shares Disclosure Statement is available upon request for those interested in purchasing shares.

    Historical rates of return

    Equity share dividends are declared each quarter by BlueShore Financial’s Board of Directors. Please refer to the information below, as a reference to the historical rates of return on our equity shares.

    From the Help Centre

    • Icon - Equity Shares
      Equity Shares

      Payment of investment equity share dividends

      Understanding these dividends and how they are paid Class C Investment Equity Shares earn non-cumulative dividends, declared at the discretion of the…
      Learn More
    • Icon - Investments
      Investments

      Redeeming Class C investment equity shares

      It’s important to fully understand how and when you can redeem your Class C Investment Equity Shares.
      Learn More
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    BlueShore Financial, Investment Advisor, Graham Priest

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    †† Terms of BlueShore Financial Equity Shares are set out in the Disclosure Statement, which can be obtained at any BlueShore Financial branch or by calling our Solution Centre. Important information is contained in the Disclosure Statement. Please be sure to review it carefully before making your purchase decision. All dividends are declared solely at the discretion of the Board of Directors.