Truly Local Investing

Niagara Shares

Invest in Your Future. Invest in Niagara.

When you invest in Niagara Shares, you’re enabling PenFinancial to grow for all the right reasons – to support and guide more members, to open more branches, to employ more of your neighbours and to enhance some of our amazing community programs and initiatives. Niagara Shares are a unique and limited time investment opportunity, but the impact of your investment will last a lifetime.

*Niagara Shares may, at the discretion of the credit union’s Board of Directors, earn a one-time, 1.25% special dividend, in addition to an expected but not guaranteed annual dividend rate of 3%. The expected dividend rate is calculated based on PenFinancial’s 2016 fiscal year. Niagara Shares will earn the same rate as all outstanding Class B Shares, Series 1 of the Credit Union. Niagara Shares are not deposits. Dividends are not guaranteed and may, but need not, be declared on an annual basis by the Board of Directors of the Credit Union in its sole and absolute discretion. The securities are not insured or otherwise guaranteed by the Deposit Insurance Corporation of Ontario or any similar public agency. There is no market through which these securities may be sold. Niagara Shares are only available by obtaining an Offering Statement, for which a receipt has been obtained from the Financial Services Commission of Ontario, that details all of the terms, conditions and risks of this investment. To obtain an offering statement, please visit your local PenFinancial advisor.

3 Year Climbing GIC ‐ 3.5% in Year 3*

Increase your earnings the more they grow! 100% of your deposits are reinvested to help us build a stronger Niagara.

If you are new to investing and would like to learn more, check out our latest blog series at trulylocaladvice.ca. Our Investing 101 series focuses on demystifying investing to help you grow your confidence and your savings.

*The higher you climb the greater the rate – Year 1 at 1.40%, Year 2 at 1.50%, Year 3 at 3.50%. Three year compounded average yield is 2.17%. Available in GICs, TFSAs, RRSPs and are non redeemable. $1,000 minimum deposit. Deposits insured by the Deposit Insurance Corporation of Ontario (dico.com). Interest paid annually. Rates subject to change without notice.