|
Great Reasons to Join Strathclair Credit
Union If you're thinking of joining the credit union - Great! It is
really easy. To become a member of Strathclair Credit Union Ltd., each individual
acquires a $5 common share. These common shares represent members' ownership of
the credit union, and each holder of at least one common share is entitled to
one vote at any and all membership meetings. Dividends can be declared annually
on these common shares. Strathclair Credit Union is an open-bond credit
union, which means anyone can join. As a financial institution that is owned and
operated by the people that use its services, the credit union is a community-based
organization.
Our members - the people who use the credit union and its many
services - are the owners of the credit union.
Credit Unions are not-for-profit, meaning that whatever profits
are made are returned to members in the form of patronage refunds,
share dividends or cash. The more business you conduct at your credit
union the larger your reward.
100%
Deposit Protection. There is no limit to our deposit insurance, unlike other financial
institutions. Deposits are all guaranteed by the Credit
Union Deposit Guarantee Corporation. Decisions and profits are made
right here in our community. Money made here stays here adding to our local
economy and working for our members.
|