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Invest in Good – Series 23 shares

Invest in Good with an annual minimum dividend rate of 6.50%*

Invest in Good – Series 23 Shares. Only available until September 29th**.

Why invest in Meridian Invest in Good – Series 23 Shares?

Available now, and only until September 29th**, Invest in Good – Series 23 Shares are an exclusive investment opportunity for Meridian Members. By investing in Series 23 Shares, you’re investing in Meridian directly. The funds*** raised through the sale of Invest in Good – Series 23 Shares are used to enhance our products and services and invest in community programs. In return, you can earn an annual 6.50%* minimum dividend rate (provided the Board declares a dividend for the series) and an opportunity to diversify your investment portfolio. Invest in Good – Series 23 Shares are available for registered (TFSA, RRSP, RRIF) and non-registered accounts.

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Support for communities

When you invest in Meridian’s Invest in Good – Series 23 Shares, you contribute to all the ways we help individuals and communities become financially confident.

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High rate of return

Invest in Good – Series 23 Shares have an annual 6.50%* minimum dividend rate, provided the Board declares a dividend for the Series. The rate is effective for the first 5 years.

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Low minimum investment

You don’t need a lot of money to buy Invest in Good – Series 23 Shares. A great addition to any portfolio with a minimum investment of just $5,000.

Tip! No cash available to invest?

Members can redeem existing, non-redeemable GIC investments without a penalty to purchase Invest in Good – Series 23 Shares. Market-linked GICs are the exception and cannot be redeemed.

Investment in Meridian is an investment in communities

Investing in communities is a foundational part of our identity at Meridian. With the capital raised through Invest in Good – Series 23 Shares, we help communities build financial resilience through expansion of our community-focused partnerships and programs.

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Serving Ontario communities for over 75 years

As the largest credit union in Ontario, we’ve been serving Members and communities for over 75 years. At Meridian, our Members are owners. The profit we make goes back into improving our products and services and creating opportunities in the communities where we live and work.

Learn more about community initiatives

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Helping Canadians build financial confidence

Our expert advisors and Financial Planners will work with you to define your goals and create a financial plan that is tailored to your personal situation. With exceptional service offered both remotely and through our branch network, we are making more Canadians financially confident.

Discover our Representative Rating Program

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Annual minimum dividend rate

The annual minimum dividend rate for Invest in Good – Series 23 Shares is 6.50%*. If and when the Board declares dividends, they are paid to shareholders, annually, on the dividend payment date. The type of dividend payment (shares or cash) is typically determined by the investor. However, the Meridian Board of Directors can mandate a specific type of payment.

With 75 years of history in Ontario and almost 30 billion in managed assets, investors can be confident about investing in Meridian. Explore our 2022 annual report to learn more (PDF, 4.7MB)

How do Invest in Good – Series 23 Shares compare to a Meridian 5-year GIC?

Invest in Good – Series 23 Shares

Rate of return: With a 6.50%* annual minimum dividend rate, Invest in Good – Series 23 Shares offer a higher return than our 5-year non-redeemable GIC.

Benefits: Excellent rate and capital is used to expand community programs and services.

Features: Redemptions from Invest in Good – Series 23 Shares are not permitted until the 5th anniversary date; however, Members can request to transfer their shares to other Members on the Class A share waiting list at any time in a manner set out by Meridian. Not FSRA insured. Backed by Meridian. We’re 100% Member owned, with 75 years of banking history.

5-year Non-Redeemable GIC

Rate of return: At 4.70% the 5-year non-redeemable GIC has a competitive rate but pays less than shorter-term GICs.

Benefits: Competitive, guaranteed rate. FSRA insured deposit. A portion of deposits is used to expand community programs and services.

Features: Once purchased, the 5-year GIC is non-redeemable. No option for early redemption or ability to transfer to another type of GIC or savings product. GICs, other than Market-linked GICs, can be transferred to purchase Invest in Good – Series 23 Shares. FSRA insured up to $250k per eligible account.

Frequently Asked Questions

Ready to purchase Invest in Good – Series 23 Shares?

There are a number of ways to get in touch with us. To receive a copy of the Offering Statement and get started with the purchase process for the Invest in Good – Series 23 Shares, submit your details using the form below and we’ll contact you at a suitable time. Alternatively, you can give us a call or book an appointment with one of our advisors.

All fields are required.

Questions? There are several ways to get in touch

If you have questions and would prefer to speak with one of our advisors, book an appointment or give us a call.

Book an appointment  Call us: 1-866-592-2226  Find a branch or advisor

Legal

The Invest in Good – Series 23 Shares are being sold pursuant to an Offering Statement which provides full, true and plain disclosure of all material facts relating to the Invest in Good – Series 23 Shares.

*The minimum dividend floor rate is the minimum dividend rate where the Board of Directors declares a dividend. Dividends are calculated annually based on the number of shares a Member holds, if and when the Board declares a dividend. The declaration of a dividend is non-cumulative and not guaranteed. If a Member purchases additional shares or is paid dividends in shares, the dividend for the following year will be based on the total sum of shares the Member holds if and when dividends are declared.

Invest in Good - Series 23 Shares are available to individual Meridian Members (age 18 and over) residing in Ontario as well as corporations, partnerships and formal trusts based in Ontario.

**September 29, 2023 is the anticipated closing date, after which Invest in Good – Series 23 Shares will no longer be sold. Meridian reserves the right to change the Closing Date and communicate a new closing date to subscribers. Meridian also reserves the right to reject subscriptions for the shares for any reason, including the oversubscription of shares beyond the maximum share issuance in accordance with the Offering Statement, or for no reason.

***For further information on use of proceeds please refer to the Offering Statement.