Make the dream a reality

Investment Shares
still available

Why invest in Investment Shares?

In December, we reached the threshold for sales of investment shares to allow us to start operations. Even though we have now met the minimum requirement, there may still be an opportunity for individual or business members to purchase shares in the weeks and months ahead. The Board of Directors will decide shortly if the credit union should continue to raise additional capital. If you are interested in acquiring investment shares, please call us or click the e-mail link below.

For a de novo credit union, investment shares are vital to its formation. They represent the bulk of the start-up capital it needs to ensure the safety of its deposits, support its asset base as it grows, and finance the institution’s operating costs until such time as they can be met by revenues on an ongoing basis.

Purchasing investment shares is also an excellent way for members to support their credit union’s growth plans and, at the same time, earn themselves an above-average rate of return compared to term deposits or GICs. They are unlike the mandatory $25 membership share, which all individuals purchase upon entry into membership and which entitles them to do business at the credit union. Instead, investment shares are purchased at the member’s option, in varying amounts depending on his or her resources, and are held to maturity as an investment because of the attractive return.

Like a new issue of stock or bonds, the sale of Creative Arts Savings & Credit Union’s investment shares is governed by regulators. All the terms and conditions of the sale, and the shares themselves, are laid out in an Offering Statement – a form of prospectus.

In life, there are many roles. We're here to help with the financial ones.

Here are some of the details of our offering:

Members purchasing investment shares earn an excellent return in comparison to GICs.
The basic Class A shares are priced at 5-year GICs plus 0.50%. Dividends on this class will be cumulative, meaning that any unpaid dividends in a given year must be made up in future years.
The non-cumulative Class B shares are priced at 5-year GICs plus 1.25%.
For each class of shares, a bonus return may be payable in the form of an extra share dividend at the board’s discretion.
Shares are priced at $1.00 per share, with a minimum of 250 shares in Class A or Class B.
Investment shares are RRSP-eligible. Members will be able to transfer money from RRSPs currently held at other financial institutions to purchase the credit union’s investment shares.
Investment shares are not insured deposits like GICs or savings accounts. Like mutual funds units or other securities such as stocks and bonds, they are backed by the credit worthiness of the issuer – in this case, Creative Arts Savings & Credit Union.

All Founding Members of the credit union will be commemorated with an individual plaque in the lobby area of ACTRA Toronto’s offices. Purchase categories are as follows:

Friend	$250 to $999
Supporter	$1,000 to $2,499
Contributor	$2,500 to $4,999
Bronze	$5,000 to $9,999
Silver	$10,000 to $24,999
Gold	$25,000 to $99,999
Platinum	$100,000 to $499,999
Diamond	$500,000 or more

If you are already a member, you can request a copy of the Offering Statement and receive all the details you need to know about how to purchase investment shares by contacting Creative Arts at 416.642.6749 or info@creativeartscu.com. If you are not yet a member of Creative Arts, click here.

Make the dream a reality

Investment Shares still available

Why invest in Investment Shares?

If you are already a member, you can request a copy of the Offering Statement and receive all the details you need to know about how to purchase investment shares by contacting Creative Arts at 416.642.6749 or info@creativeartscu.com. If you are not yet a member of Creative Arts, click here.

Investment Shares
still available