How do i join a credit union

how do i join a credit union

It’s easy. Just contact C.U. Member Assistance and make an appointment with a representative. Call 416-314-6772 or 1-888-516-6664 or email memberassistance@mycreditunion.ca .

You can also visit any one of our branches and make an appointment. Click here for branch hours and locations .

You can also complete our online application. A Member Assistance representative will contact you to follow up.

Please note we require two pieces of identification to open a membership account. Any of the following will do:

  • A Driver’s License
  • Government Employee Identification Card
  • Credit Cards
  • Birth Certificate
  • Passport
  • Permanent Resident Card

Q. Am I eligible to join?

All employees of the Government of Ontario, the Government of Canada and of any Municipal Government in the Province of Ontario, current and retired and their families are eligible.

Employees of corporations owned or controlled by the Government of Ontario, the Government of Canada or by any Municipal Government in the Province of Ontario, current and retired and their families are also eligible.

Plus, employees of any agency, board or commission established by the Government of Ontario, the Government of Canada or by any Municipal

Government in the Province of Ontario, current and retired and their families.

(Required Share Purchase - Ten $10.00 Shares)

Q. Why do I need to purchase shares?

Each applicant for membership must subscribe for ten shares costing $10.00 each. It is a condition of membership that the ten $10.00 shares be maintained at all times. Each member shares in the ownership of The Credit Union, and at the Annual or any Special Meeting and subject to by-laws, has one vote on any question requiring a vote. Under the concept "one person - one vote" a member may not maintain accounts in different locations and should operate under one account number.

A dividend may be paid on this deposit. The $100.00 share account is kept separate from other money on deposit. It is refunded when the account is closed

Additional shares can not be purchased. Each member participates equally in the ownership of Ontario Civil Service Credit Union Ltd. at the Annual General Meeting and at any special meeting. As a member, you are subject to the by-laws of The Credit Union and have one vote on any question requiring a vote.

"One person - one vote".

Source: www.mycreditunion.ca

Category: Credit

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