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Additional Capital Shares

Members of Oshawa Community Credit Union can purchase up to $900 in additional uninsured Capital Shares. Since 2002, OCCU's Board of Directors has approved dividend payments on Capital Shares ranging from 2.5% to 7.5%.


Please complete the form below and submit to our office. If you have additional questions, read through our FAQs listed below or call the office to speak with one of our Member Service Representatives.


What is the minimum Capital Share requirement?

Members are required to each hold a $100 Capital Share.

What are Patronage Shares?

Dividends paid on the Capital Shares is known as Patronage Shares. 

What is the maximum amount of Additional Capital Shares a member may purchase?

Members may purchase up to $900 each of Additional Capital Shares to a total of $1,000. 

Why you would consider this investment option?

For the 13th consecutive year, OCCU’s Board of Directors has approved profit sharing with members totalling $4.1M, specifically, $361K paid on the Capital and Patronage Shares. OCCU’s history of strong capital and financial results supports our commitment to the membership and vision of providing a safe, trusted and innovative environment offering financial security to current and future generations.

Why OCCU is informing you of this opportunity at this time?

Your Additional Capital Shares investment will provide us with additional capital in the event a business expansion opportunity arises in the future. Furthermore, with more members doing business with us, we can continue to provide you with innovative products, services and added convenience. Under provisions of the Credit Union and Caisses Populaires Act, proclaimed on October 1st, 2009, and amendments to OCCU’s Bylaws approved by the membership on April 6, 2010, we are able to provide you with the option to purchase Additional Capital Shares.

What are the limitations?

  • Like your existing Capital Shares, the Additional Capital Shares are not covered by our deposit insurer (Financial Services Regulatory Authority of Ontario (FSRA)).

  • In the unlikely event the Credit Union fails to maintain adequate regulatory capital, we will be unable to release the Capital Shares, Patronage Shares or Additional Capital Shares until adequate capital is restored.

  • The Additional Capital Shares do not entitle the holder to additional voting privileges.

  • Capital Shares, Patronage Shares and Additional Capital Shares are not RRSP eligible.

  • Withdrawals from your Capital Shares and Additional Capital Shares are restricted and only redeemed upon death, expulsion or closing of the membership.


Class B Special Shares

Class B Special Shares are uninsured shares in the Credit Union that periodically, subject to board approval and to the terms and conditions of the initial offering, become available for transfer to members of Oshawa Community Credit Union. The target but unguaranteed return is "A rate which exceeds by 1.50% of the Government of Canada 5-year benchmark bond yield, for the Wednesday immedately preceeding, or being, December 31 in the fiscal year regarding which the dividend is to be paid (Ref. B113893)." This target has been met since the inception of the class B special shares. For more information, please visit us in branch or call us at (905) 576-4200 to speak to a Member Service Representative.




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