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Business General Share Savings

What   Offers business members their share savings account
Who   Business Members
Period   Unlimited
Registration Deposit   Business Member (C$100~$8,000)
Overview
This account offers our business members a simple business share investment opportunity.

 

Features

  • Separate product from the Membership Equity Share Account
  • Member entitlements and benefits are not effected by share deposit value or share type.
  • Not a fixed rate savings account, dividend is based on Sharons Credit Union’s annual business performance and absolute discretion of the Board of Directors.

 

Withdrawing Funds

In specified circumstances, fund withdrawal is possible for this account. The primary deposit – minimum $100 for business members cannot be returned until the account is closed. Gained funds or funds other than the minimum deposit may be withdrawn or transferred. Although there is no certainty that dividends will be paid every year, dividends can be earned on member shares during the entire life of the share.

 

Deposit Security
At Sharons Credit Union, depositors are 100% protected by the Credit Union Deposit Insurance Corporation of British Columbia.

 

Type Maximum
Class A $1,000
Class B $1,000
Class C $3,000
Class D $3,000