Surplus Shares

Features

• Share Equity is paid to the member account in the first quarter of the following year.
• Share Equity is determined by the board of directors and varies from year to year.
• Share Equity is calculated on the amount of interest a member earned on investments and/or the amount of interest a member has paid on loans.

Redemption

Can be applied for in these 4 situations.

1. Member moves out of the trading area – closes their account
2. Member reaches age of 69.
3. Share Equity balance reaches over $10,000.00 (to be paid out in cash over a maximum period of five years)
4. Member becomes deceased.

Exceptions can be made in the following situation:

• Legal claims of government and other third parties
• Individual, association or corporate bankruptcies or dissolution

Interest

• No interest Paid

Pricing

• No maintenance fees

Who Benefits

• Every Member benefits from this equity program/earns money.

Benefits to Member

• Security and Peace of mind - Member owned
• Purchase of a share entitles the member to earn money in the form of Equity