Membership

Membership matters. It's your voice in our organization, and we're listening! It's our commitment to improve everyday. CLICK HERE to read about the Credit Union advantage.

Imagine the possibilities.

Becoming a Member

To obtain a membership at Innovation Credit Union, you will be asked for the following information:

• Name, address, and phone number
• Employer and occupation
• Social Insurance Number (this is now a legislated requirement)
• Date of birth
• Personal reference such as nearest living relative
• Two pieces of signature identification such as a driver's license and provincial health insurance card

This information is required to ensure that your personal business remains strictly confidential and to minimize the incidents of fraud or forgery.

Deposit Guarantee

Member Equity

The Member Equity Program allows members to share in the operating surplus of Innovation Credit Union through allocations to their equity account (based on interest paid on loans and earned on investments). The allocation of the surplus earnings will be credited to a Member Equity Account and retained as equity. The more business you do with Innovation Credit Union, the larger your equity allocation will be. All accounts including personal, personal trust, farm, business, and community organizations are included.

The Members' Equity Program is intended to:

• Allow members to share the financial success of Innovation Credit Union through a patronage allocation.
• Increase the sense of ownership by members by building a sound, locally owned and controlled financial institution
• Increase the amount of Innovation Credit Union’s Capital to build member confidence, continue to support the products and services to meet our members' needs, and provide for long term stability

The Member Equity program is unique to the co-operative system and provides owners the opportunity to share in the success of their credit union. You can take pride in knowing that Innovation Credit Union is building equity in order to ensure your credit union will remain strong and capable of meeting members' and community needs well into the future.