82nd AGM- Dividend announced & new share requirement approved!

At this year’s Virtual AGM, the Board AGAIN announced dividends of 3.65% to be paid on ALL Energy CU shares! You should have a look into your CU account to find this dividend deposit earned on ALL CU shares!

If you attended this year’s virtual AGM… thank you! If you didn’t get a chance to join us, you will be able to watch the video replay below. At the meeting, the membership voted unanimously to approve the board recommended capital share increase. Over the next 4 years, the Energy CU capital shares will be increased to a total of $200, up from the previous $100. This will be done in stages of $25 increments. Each April, from now until 2024, all current accounts and new member accounts will be required to have the required amount of capital shares in their account as per the special resolution approved at the 82nd AGM last Friday.  Starting today, all new accounts opened at the Energy CU will require $125 capital shares. Current members are asked to contact us to increase your current capital shares to the required $125. Don’t worry if you forget, on June 18, any member who has not yet topped up their capital shares will have it done automatically for them.

If your $125 Capital Share investment isn’t enough for you, why not purchase Additional shares (up to $1000) and take advantage of this great investment opportunity? These additional shares allow the CU to increase its capital position and grow stronger together.

So, check your account and call our offices at 416-238-5606 ext 0 to see how you can take advantage of this great investment opportunity. What’s your investment earning you?

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