Preference Shares

Higher returns

A moderate level of risk may lead to potentially higher returns.

Annual dividends

Upon approval of Casera's Board of Directors, dividends may be paid out annually as interest in the form of cash and/or surplus shares.

Financial performance determines payment, and the minimum dividend would be equivalent to the first-year rate of the latest issue of Canada Savings Bonds.

Casera also requires members to own common shares in the credit union. These common shares are an investment in ownership in the credit union. The extended program also includes surplus shares, which are dividends paid out as patronage refunds.

Click here for more information about our preference share program.

Limited Availability

Preference shares are in addition to Casera's current common share and surplus share programs. They differ from membership shares in that they are only available during an offering period of up to 12 months.

Members who do not have an opportunity to purchase preference shares during the sales period can request their names be added to a waiting list. Share transfers may happen at Casera's discretion if a member is interested in purchasing and another member is asking to sell their preference shares.

Preference shares are available only to Casera members defined as individuals, businesses and organizations. This designation creates opportunities for individuals who own businesses to increase their investment in Casera. Associate members are excluded from the program.

Sales period closes April 29, 2022.

What You Need to Know About Risk

Preference shares are ideal for members seeking diversification and a long-term investment. As such, they are willing to accept a moderate level of risk for potentially higher returns.

Preference shares are speculative investments, and Casera does not guarantee a dividend. There is also no market for the shares.

Considered risk capital, preference shares are not redeemable. However, Casera may consider special requests for share redemption. Such scenarios may include estate accounts, financial distress of members, and other individualized requests.

How to Purchase Preference Shares

Contact your Casera neighbourhood branch. One of our knowledgeable staff members will help determine if this investment is the right fit for you.