Member Shares

The fundamental operating principle of credit unions is democratic ownership; eligible members have at least one share but no more than one vote in the decision making process.  To become a member of Quinte First Credit Union and participate in the ownership, one must buy member shares.

Youth Share (ages 0 to 25) $5.00
Regular Share (ages 26 and older) $20.00
Business and Organization accounts $20.00

Patronage Dividends

The dividend amount is subject to your Board of Directors determination and may not be paid if the credit union does not achieve planned goals.

 

Annual Membership Dues

$5.00 is charged annually, to all regular share members. (Annual membership dues are waived for all youths. Annual membership dues fund costs provided by our Central organization to support services on behalf of our members.

Persons over the age of 25, businesses and organizations can become a member by acquiring $20.00 in shares.  Persons under the age of 25 years require only one $5.00 share to become a member.  A fully paid membership is $20.00.

 

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