Share in the success of your credit union!
Being an Innovation member means you get to share in the success of your credit union!When you become a member:
- You buy a $5 share to own a part of our credit union.
- We'll open a Member Rewards Account for you.
- We’ll deposit cash dividends and equity to your Member Rewards Account.
There are three parts to the Member Rewards program: Earn, Save, and Give.
You’ll get cash put into your Member Rewards Account simply by doing your everyday banking with us! Here’s how.
We also pay $5 cash every 3 months to youth ages 18 and under.
We build equity to serve you better:
- We pay equity to your Member Rewards Account based on the business you do with us.
- We pay you cash dividends based on the amount of equity you have. And THAT cash you can access and spend!

We also pay $5 cash every 3 months to youth ages 18 and under.
Equity Payments
Your equity payments are based on:- Loan interest you’ve paid PLUS
- Deposit interest you’ve earned
- Low-Fee Interest Accounts
- US Accounts
- Savings Accounts
- Term deposits
- Loans and mortgages
- Lines of credit
What is equity?
Equity is the profits we earn that help keep our credit union strong. As an owner member of Innovation, you earn a portion of our profits. And as a thank you for letting us hold onto your equity portion, we pay cash dividends.We build equity to serve you better:
- So, you get the best products and services like our No-Fee Bank Account.
- You get competitive rates on investments and loans.
- You see improvements to our advice centres, website and mobile app.
- We ensure your credit union is sound and stable.
What is a cash dividend?
A dividend is a payment to our owners, like you. It’s a portion of our profits that we share with you that you can save or spend. Our Board approves payment based on how our credit union is performing.Members save on fees!
- Our No-Fee Bank Account saves members as much as $360/year in bank fees. Sign up today!
- Our ding free® ATM network saves members an average of $2.50/month or $30/year.
Members save more for their futures!
- We offer some of the best rates in Canada on investments and loans so you save more of your hard-earned money.
Your business helps us support your community! Over the past 13 years, our members have helped us give back approximately $6.42 million to the communities we serve. Here's our 2019 community approximate investment totals:
- $507,000 in sponsorships and donations
- $33,000 in scholarships and spirit awards
- $22,500 in donations to charity by staff
- 12,900 staff volunteer hours
You can withdraw your cash dividends anytime you like. Simply transfer the available cash balance from your Member Rewards account to any account you like or contact us to set up an automatic transfer for you.
As a thank you for your loyalty, you can also withdraw from the equity portion of your Member Rewards account when:
- Your equity balance reaches $5,000 (personal members) or $10,000 (business members). Once this happens, you can take out any money above that $5,000 or $10,000 balance.
Or - When you reach age 65. You’ll need to keep your $5 member share in your account, but you can withdraw anything over $5.
See how much you save, earn, and give through our Member Rewards feature in both our mobile app and online banking!
There's also a Member Rewards calculator to help you see how you can earn more.
Haven't downloaded our mobile app yet? It's easy!
There's also a Member Rewards calculator to help you see how you can earn more.
Using Our Mobile App |
Using Online Banking![]() |
Haven't downloaded our mobile app yet? It's easy!

If you're interested in opening an account or have questions about our Member Rewards program, we'd love to help:
If you should close your Innovation accounts, we will reimburse your $5 share and pay you your equity and cash dividends within 1 year of your account closure.