Class A Investment Shares in Ontario
Class A Investment Shares let eligible members invest in YNCU for long-term growth while helping strengthen the credit union and the communities we serve.
Strengthen YNCU's capital base and support future growth.- Class A Share sales window status: Closed
YNCU member exclusive investment
Class A Shares are only available to eligible YNCU members
Trusted by 65K+ members
A long-term way to invest in YNCU
Investing in YNCU means investing in your community. Class A Shares give eligible members a long-term way to invest directly in YNCU. Your investment helps strengthen a local Ontario credit union, supporting the growth of member-owned banking and the communities we serve.
Potential returns
Class A Shares present the potential to earn excellent returns, giving members another channel to build portfolio diversification.
Portfolio diversification
Class A Shares offer members another long-term investment option beyond savings, GICs, and market-based investments.
Local growth
Stronger capital helps YNCU keep growing, serving members, and supporting the communities we call home.
What are Class A Shares?
Class A Investment Shares are investment shares issued by YNCU and available to eligible members. Unlike a GIC or savings account, they do not pay a guaranteed rate for a set term. They may pay a dividend when declared by YNCU’s Board after reviewing the credit union’s financial performance.
Class A Shares have no set maturity date. A minimum 5-year vesting period applies, and redemptions are subject to approval, limits, and restrictions. They may be held in non-registered accounts, RRSPs, or TFSAs, but not RRIFs or FHSAs. Get more details here.
Class A Shares have no set maturity date. A minimum 5-year vesting period applies, and redemptions are subject to approval, limits, and restrictions. They may be held in non-registered accounts, RRSPs, or TFSAs, but not RRIFs or FHSAs. Get more details here.
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How to purchase Class A Shares
Class A Shares are not always available. They can be purchased during qualified sales periods or when an existing Class A shareholder is looking to sell their investment.
- 1
Become a YNCU member and book an appointment
Once you're a member, book an appointment to speak with one of our Advisors.
- 2
Review whether Class A Shares fit your goals and timeline
We’ll walk you through the details and assess whether this investment is suitable for your goals and timeline.
- 3
Choose how to hold them and complete the purchase
Class A Shares can be held in a non-registered account, RRSP, or TFSA. We'll help you with the paperwork.
Can I invest in YNCU?
Commonly asked questions
Each year, YNCU’s Board reviews the credit union’s financial performance and determines the appropriate dividend to be paid on Class A Investment Shares. Dividends are not guaranteed unless specifically stated in the applicable offering terms.
Yes. Eligible Class A Shares may be held in a TFSA or RRSP, as well as a non-registered account. RRSP-held Investment Shares are limited to members 65 and under.
No. Class A Shares are not eligible for RRIFs or FHSAs.
Class A Shares have a minimum 5-year vesting period. After that period, redemptions are subject to approval, limits, and restrictions.
No. Class A Shares do not have a set term or maturity date.
No. Class A Shares are not insured through FSRA.
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