Casera members approved for membership are required to deposit into common share accounts as a declaration of their ownership. Common shares form part of the credit union's capital and are essential investments.
Monthly deposits of $2.50 into a share account (up to a maximum of $200) are a condition of ownership in Casera. You may grow your common shares to the maximum limit at any time by purchasing $5 shares bimonthly ($2.50 is withdrawn every month from your account) or purchasing 40 $5 shares ($200) when you open your membership.
Surplus shares are dividends paid out by Casera and are based on the value of a member's common shares. With the approval of the Board of Directors, patronage refunds may be paid on interest earned or paid by the membership. Common shares and surplus shares are RRSP and RRIF eligible. Since 1994, Casera has returned over $4 million in shared profits to members.
A healthy credit union
Casera's common share program helps the credit union maintain a strong equity position.
Strong membership
As owners, members participate in Casera's democratic framework. You can help elect directors and influence policy at annual general meetings.
Shared earnings
Ownership allows members to share in Casera's profits.
Affordability
A minimum share ($2.50 per month) is required.
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