Membership Capital Share Account
This long-term account provides members the opportunity to share
in the success and long-term growth of their corporate. Participation
is a voluntary commitment, based on a credit union's assets, and
provides the crucial difference in their relationship with SunCorp...
ownership. This account allows members to vote on critical issues,
elect officials that govern, as well as borrow from SunCorp (does
not apply to settlement loans). A minimum three-year advance notice
is required for termination and dividends are paid monthly.
Paid-in Capital (PIC) Share Account
The Paid-in Capital Share Account is a long-term capital account
alternative in which the projected dividend rate is substantially
above the rate of Membership Capital Shares. Due to a longer termination
notice of 20 years, PIC shares are managed on a longer-term basis
allowing SunCorp to increase dividends paid. The Paid-in Capital
Share Account does not require the investment of additional funds.
Credit unions may have a portion or all of existing Membership Capital
Share funds allocated to the Paid-in Capital Account. However, total
account subscriptions are limited to one percent of a credit union's
year-end assets. Dividends are paid quarterly. Please call an investment
professional for availability.