Why Investment Shares?
When you invest in Kindred’s growth, you’re not only earning a premium rate of return, you’re helping make an impact in the communities we live and work in. You’ll be directly helping us further our purpose of inspiring peaceful, just, and prosperous communities. We not only provide values-based banking, we’re also committed to providing tangible impacts in the areas of financial empowerment, safe and affordable housing, community food security, and more. That’s something worth investing in!
The Benefits
You’ll make money by earning dividends on your Investment Shares. We offer a preferred dividend rate available for members only — it’s our way of saying, “thanks for supporting us!” |
You can rest easy knowing you’re investing in a credit union with 50+ years of prudent money management. Your investment makes Kindred stronger and in turn we’re committed to helping our communities and members thrive. |
Investment Shares are available as TFSAs, RRSPs, and non-registered investments. You can choose the option that works for your financial plan. |
Investment Shares are a unique way to diversify your investment portfolio. Investment Shares are a safe, secure investment that is not impacted by market volatility. |
1 Share is $1
Each investment share costs $1 (1 share = $1). The minimum purchase is $5,000, or 5,000 shares, and the maximum is $800,000, or 800,000 shares.
Preferred Rate
At the start of each series, the minimum dividend rate is set for 5 years. The rate is calculated based on our dividend formula, and could be different for each series. While the dividend rate may not stay the same, our track record of high dividend rates speaks for itself!
For Members
You must be a Kindred Member to purchase Investment Shares. If you aren’t a Kindred member, you can purchase Investment Shares by becoming one. You must also be 18 years or older. Learn more about Kindred Membership.
You can be waitlisted for the 2005, 2019, or the 2022 Series of Investment Shares. You can view the rates and growth for deposits in each series in the charts below.
2022 Series
2019 Series
2005 Series
UP TO 2022 SERIES DECLARED DIVIDEND RATES | Rate |
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2022 |
5.00
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2019 SERIES DECLARED DIVIDEND RATES | Rate |
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2022 |
5.00
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2021 |
4.25
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2020 |
4.25
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2019 (July 1 to December 31) |
4.25
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Proposed Dividend Rate1,2 2022
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Declared Dividend Rate1,2 2022
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4.25 % | 5.00 % |
1 Dividends are not guaranteed and are declared at the discretion of Kindred’s Board of Directors.
2 As of the 2019 Series issue date of July 1, 2019, shareholders of the 2005 Series will receive the 4.25% dividend rate until June 30, 2024 at which time the 2005 series will revert to the 2.50% dividend rate established by the Board in 2016 or a dividend rate based on the current formula, whichever is higher.
The dividend formula is the monthly average of the Government of Canada 5-year benchmark bond yield plus 1%.
2005 SERIES DECLARED DIVIDEND RATES | Rate |
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2022 |
5.00
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2021 |
4.25
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2020 |
4.25
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2019 (July 1 to December 31) |
4.25
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2019 (January 1 to June 30) |
2.51
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2018 |
3.14
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2017 |
2.50
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2016 |
2.50
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2015 |
1.83
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2014 |
2.56
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2013 |
2.62
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2012 |
2.37
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2011 |
3.07
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2010 |
3.45
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2009 |
3.41
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2008 |
4.01
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2007 |
5.16
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2006 |
5.12
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2005 |
4.65
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If you invested $25,000 in 2022, then your investment will earn $5,416 by 2027.
If you invested $5,000 in 2022, then your investment will earn $1,083 by 2027.
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If you invested $25,000 in 2022, then your investment will earn $5,416 by 2027.
If you invested $5,000 in 2022, then your investment will earn $1,083 by 2027.
FAQs
Are Investment Shares safe?
Yes. They are low-risk investments.

Are Investment Shares guaranteed?
Investment Shares are considered capital investments in the credit union and are not guaranteed through the Financial Services Regulatory Authority of Ontario (FSRA) or any similar public agency.
Kindred is a solid financial cooperative with a decades-long track record of sustainable growth and prudent fiscal management. Kindred has declared a dividend on the current series of Investment Shares every year since 2005, even in the midst of the financial crisis in 2007 – 2008. Similar to corporate bonds, investment shares are backed by the credit worthiness of the issuer – in this case, Kindred. And based on our track record, you can have full confidence in Kindred’s stability and solvency.

Are there any eligibility requirements?
Investment Shares are available as non-registered, RRSP, and Tax-Free Savings Accounts. Investment Shares are not available as RDSPs, RESPs, or RRIFs. The minimum age to subscribe to Investment Shares is 18. In order to help our members to manage their cash flow in retirement, or as they near retirement, Investment Shares will not be available within RRSPs to members turning 66 on, or before September 30, 2022.
Investment Shares can be held in registered plans. However, RRSPs must be converted to income accounts (i.e., RRIFs) by the end of the year in which the members turn 71 and Investment Shares would not allow for this. Members age 66 and older can subscribe to Investment Shares that are non-registered or within a TFSA.

Is there a minimum or maximum investment amount?
The minimum investment is $5,000 and the maximum is $800,000. These limits are relatively standard in the industry for an investment product of this nature. Investment Shares require more administration than a standard GIC, so a higher minimum investment is necessary.

What type of investor is best suited for Investment Shares?
- Those who are comfortable with at least a 5-year commitment.
- Those looking for an option for the low risk portion of their portfolio that is not subject to market volatility.
- Those who will not need to access income from their RRSPs or borrow from their investments to help finance their first home, for instance.
- Those who are looking to make an impact by supporting Kindred while also earning a premium rate of return.

Can I break an existing GIC in order to subscribe into Investment Shares?
GICs that have been setup or will be maturing in 2022 are eligible to be redeemed early without penalty in order to purchase the 2022 Series of Investment Shares.

What’s the difference between a GIC and Investment Shares?
Investment Shares are considered capital investments in the credit union and are not guaranteed through the Financial Services Regulatory Authority of Ontario (FSRA) or any similar public agency.

How are dividends on Investment Shares paid to members?
Due to the nature of the Investment Shares, the ‘dividend’ is treated as interest income for tax purposes, similar to a GIC. Members can choose to have their annual interest compounded or paid out in cash on an annual basis. For RRSPs and TFSAs, the amount must be paid as additional shares.
Terms and Conditions apply. Visit kindredcu.com or your local branch for additional details.
Annual dividends for 2022 Class B Investment Shares are not guaranteed and are declared at the discretion of Kindred’s Board of Directors. 2022 Class B Investment Shares are not insured by the Financial Services Regulatory Authority of Ontario or any similar public agency. 2022 Class B Investment Shares will be sold by Offering Statement only, on a first come, first served basis. See Offering Statement, Class B Shares, Series 2022 for complete details.
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