Common Share

If you're thinking of joining the credit union - Great! Each membership requires a $5.00 Common Share when opened. Members are required to purchase additional Common Shares to a maximum of $200.00 per membership. The Common Share requirement can be met through one of two (2) methods:

• one time investment of $200.00 or a
• monthly subscription of $2.50 until the $200.00 maximum is reached

These common shares represent members' ownership in the credit union. Each holder of at least one common share is entitled to one vote at any and all membership meetings. Dividends can be declared annually on these common shares.

The objective of Common Shares is:

• to increase members' share capital investment in Gimli Credit Union to continue
• to strengthen the equity position of Gimli Credit Union and
• to reward members, through periodic dividends, for their participation in the equity program of the Gimli Credit Union

Common Shares are owned by the individual member(s) and are fully redeemable at the time a Membership is closed.
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100% Deposit Protection..
There is no limit to our deposit insurance, unlike other financial institutions. Deposits are guaranteed by the Credit Union Deposit Guarantee Corporation.

Common Share investments are deemed to be risk capital and, as such, do not come under the guarantee of the Credit Union Deposit Guarantee Corporation.