You’ll get cash put into your Member Rewards Account simply by doing your everyday banking with us! Here’s how.

1. We pay equity to your Member Rewards Account based on the business you do with us.
   
   
2. We pay you cash dividends based on the amount of equity you have. And THAT cash you can access and spend!

So, the more equity you have, the more cash you’ll see!

We also pay $5 cash every 3 months to youth ages 18 and under.

Equity Payments

Your equity payments are based on:

1. Loan interest you’ve paid PLUS
2. Deposit interest you’ve earned

You’ll earn equity on:

• Low-Fee Interest Accounts
• US Accounts
• Savings Accounts
• Term deposits
• Loans and mortgages
• Lines of credit

Our members have earned approximately $33.3 million in equity and cash dividends over the past 13 years simply by doing business with us! What bank would do that?

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

To learn more details, visit the community area of our website.

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.

Using Our Mobile App

Using Online Banking

Haven't downloaded our mobile app yet? It's easy!