Purpose Builder


As with most investment products, terms and conditions apply. We know there are some of you that really like THE FINE PRINT. You can either click THE FINE PRINT link or scroll to the bottom of this page. Knock yourself out!


Banking with Purpose | Borrowing with Purpose | Investing with Purpose

Together we’re inspiring peaceful , just , and prosperous communities.

Kindred Credit Union’s Purpose Builder GIC is an opportunity for you to earn a great rate while parking funds in anticipation of our proposed 2019 Investment Shares offering. You earn 3.60% in the short-term and you could earn 4.25% in the long-term!*

Investment Shares help Kindred build capital which contributes to our long-term sustainability and prepares us for future growth. Kindred has applied to the Financial Services Commission of Ontario (FSCO) to issue a new series of Investment Shares. Pending regulatory approval by FSCO, we will be offering 2019 Class B Investment Shares to members** in April.

As Kindred grows, so does our impact. What does that look like? In 2018 we successfully advocated for the application of screens related to gambling, pornography, and military weapons to a portfolio of socially responsible mutual funds, the Kindred Charitable Fund surpassed $1 million in support of churches and charities, and we shared $700,000 of our annual earnings with members through Profit Shares.

It’s because of our members’ ongoing commitment to Kindred and their intentional choice to connect values and faith with finances—by banking, borrowing, and investing with purpose—that together we’re inspiring peaceful, just, and prosperous communities.

Already a member? We invite you to invest in the future of your credit union!

Not a member yet? Join Kindred and become part of a financial cooperative that’s owned by its members and is all about living out its purpose.

Speak with a member of our Investment team today and #InvestwithPurpose.

Purpose Builder short-term SRI GIC 3.60%

THE FINE PRINT

Terms and Conditions apply. Visit kindredcu.com or your local branch for additional details.

*3.60% rate effective on February 11, 2019 and subject to change. Purpose Builder GIC is nonredeemable with the exception of transferring funds to 2019 Class B Investment Shares at the proposed dividend rate of 4.25%, if and when they are offered, or redeemed at the posted rate for Optimum Savings, and is not eligible for RDSPs, RESPs, or RRIFs. Interest is paid at maturity, minimum $5,000 deposit.

**In order to help members manage their cash flow in or near retirement, 2019 Class B Investment Shares, if and when they are offered, will not be available in RRSPs to members turning 66 on, or before, December 31, 2019. However, members who are 66 or older may hold 2019 Class B Investment Shares, if and when they are offered, as a non-registered investment or within a TFSA.

The 2019 Class B Investment Shares offering is subject to approval by the Financial Services Commission of Ontario.

2019 Class B Investment Shares, if and when they are offered, are an investment in Kindred’s capital and are not considered deposits.

2019 Class B Investment Shares, if and when they are offered, are not insured by the Deposit Insurance Corporation of Ontario or any similar public agency.

Dividends for 2019 Class B Investment Shares, if and when they are offered, are not guaranteed and are declared at the discretion of Kindred’s Board of Directors.

This is not an Offering Statement. If and when 2019 Class B Investment Shares are offered, they will be sold by Offering Statement only, on a first come, first served basis.

 
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