Earn a competitive rate of return1
Niagara Shares pay a high annual dividend generally higher than our 5-year GIC rates.1 Although dividends aren’t technically guaranteed, Niagara Shares have never missed a dividend payout.
Applications are now open for 2022!
PenFinancial Niagara Shares, often referred to as Class B Shares, are a great investment option that let you invest in PenFinancial Credit Union by strengthening our foundation for continued growth, which in turn helps us keep delivering on our mission to improve lives and strengthen communities.
In return, you earn an extremely competitive rate of return.
Whether you’re a GIC investor looking for predictable returns, or an investor looking to diversify for greater stability, Niagara Shares are suitable for a wide range of investing approaches.
Not sure if Niagara Shares are right for you?
Below are the previous dividends paid from Niagara Shares during periods of historically low interest rates.
2021: 3.00% | 2020: 3.00% | 2019: 4.00% | 2018: 4.00% | 2017: 3.00%
As there are only a certain amount of shares available to PenFinancial Members, there is typically a waiting list in order to be eligible to purchase Niagara Shares.
A limited number of Niagara Shares are now available for purchase in 2022.
When you invest in Niagara Shares, you’re investing in PenFinancial Credit Union. 2021 was a very successful year, and has further strengthened PenFinancial’s foundation for sustainable growth into the future. To view more details around our financials and other successes, check out the 2021 annual report.
2021 Assets Under Management
2021 Net Income
2021 Wealth Assets