Permanent Shares Notice
At a Special General Meeting held on March 9th 2017, for the amendment of our By-Laws, members made a decision to increase the minimum permanent shares required for membership from 20 shares to 40 shares, at a total of E.C. $200.00.
New members, 18 years or older are now required to open their account with 40 permanent shares at a total of E.C. $200.00. Current members with less than 40 shares will be required to increase their share holding to $200.00 by September 30th 2017.
Accounts that do not have the required $200.00 minimum will have the amount automatically transferred from one of your savings account as of the end of September 30th 2017.
Accounts that do not have the required amount of shares after this date will become inactive. If you already have more than $200.00 in Permanent Shares you do not need to take any action.
Permanent Shares help to strengthen your credit union. Also, you get returns on your permanent shares in the form of dividends. At our recent AGM held on June 28, 2017 a dividend of 7% was declared.
We look forward to your co-operation.
Community First Co-operative Credit Union, Our Credit Union belongs to us!