Kindred Credit Union

Oikocredit Global Impact GIC

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Kindred Credit Union

Your investments can have Global Impact!

NOTE: This product is currently closed for new and renewing investments. Oikocredit and Kindred remain committed to this unique opportunity and are currently exploring options to open up new investment opportunities by mid-2020.

We know how important your savings and investments are to you as you plan for your future.

We’ve teamed up with Kindred Credit Union, a full-service financial co-operative serving nearly 20,000 people in southern Ontario, to offer the Oikocredit Global Impact GIC.

This new GIC provides a local, secure, guaranteed investment AND supports international sustainable development. The investment is also eligible for RRSPs, RRIFs and TFSAs.

An Oikocredit Global Impact GIC is one way you can align your values with your finances while empowering people around the world.

Learn how your investments can have Global Impact from the investment team at Kindred Credit Union!

A member’s investment in an Oikocredit Global Impact GIC (GIC) is an investment directly in Kindred Credit Union (KindredCU). KindredCU will purchase shares in Oikocredit using the full amount the member invests in the GIC. KindredCU is the owner of the Oikocredit shares and bears any associated benefits and liabilities. KindredCU is responsible for payment of principal and interest to the member in accordance with the GIC terms established when purchased by the member. Such payments are not tied to returns earned by KindredCU from its investment in Oikocredit.

Here’s how it works…

You invest in an Oikocredit Global Impact GIC1,2

Kindred Credit Union purchases shares in Oikocredit that match your principal amount

Oikocredit uses the funds to promote sustainable development around the world

Kindred Credit Union receives an annual return on the shares and you earn interest on your GIC

Your investment has a global impact earning both a financial and a values return!

Contact Kindred to invest

1 Minimum $500 deposit. An investment in a GIC issued by Kindred Credit Union is a "qualified investment" under the Income Tax Act (Canada) and, therefore, an RRSP, RRIF or TFSA can be invested in the Oikocredit Global Impact GIC.
2 Your deposit is secure with up to $250,000 insured on non-registered accounts by the Deposit Insurance Corporation of Ontario (DICO). Your deposit in a registered account is fully insured.