Voting Share

Voting Shares represent equity in your Credit Union and form part of your own personal wealth. These funds are yours; they appear on your regular statement and are refundable upon membership cancellation.  Please be advised that additional Voluntary Shares may be purchased but no additional voting rights are obtained in doing so.

Credit Union members are both customer and shareholder. As a customer, you receive the services you want and, as a shareholder, you enjoy a competitive dividend return on your investment, value costs for premium services and local control of your own financial institution.

There is a voluntary Board of Directors that you elect at the Annual General Meeting.

Open and Voluntary Membership

  • Progressive Credit Union is open to any resident, organization or corporation of New Brunswick.
  • $5.00 (1 Share) is to be maintained in your Share account for full deposit services.
  • All members are equal in share requirements.
  • Shares are refundable upon membership cancellation.
  • Shares are subject to dividends which may be declared based on credit union earnings; the amount of dividend, if any, is determined by the Board of Directors. 

Democratic Control

  • One member, one vote at the Annual General Meeting or Special Meetings; all members have equal say.
  • PCU is a co-operative financial institution owned and operated by its members.

Service to Members

  • Personal service and attention provided by trained, knowledgeable and professional employees.
  • Wealth Management Advisors available 7 days a week, and outside of  normal business hours to visit you at your home or office.
  • Automated Teleservice,online service through MemberDirect® Internet Service, Mobile Banking  and ATM access available for member convenience.
  • Three service centres with four ATMs (two are drive-thru).
  • Ample parking and easy access to all locations.

Social Responsibility

  • We maintain and support ethical standards and responsible actions on human issues, social justice and environmental concerns