Share Redemption. The Member acknowledges that the shares represent ownership in Servus Credit Union and that the value of the shares is neither guaranteed nor insured. Share redemptions are subject to approval by the Board of Directors of Servus Credit Union, or as delegated to the President and CEO of Servus Credit Union, or their designate. Redemptions are also subject to restrictions under the Credit Union Act (Alberta) and regulations thereunder, and the bylaws of Servus Credit Union. Members are eligible for immediate payout of shares in the following scenarios:
Appears in 2 contracts
Samples: Member Agreement, Member Agreement
Share Redemption. The Member acknowledges that the shares Shares represent ownership in Servus Credit Union and that the value of the shares Shares is neither guaranteed nor insured. Share redemptions are subject to approval by the Board of Directors of Servus Credit Union, or as delegated to the President and CEO of Servus Credit Union, or their his or her designate. Redemptions are also subject to restrictions under the Credit Union Act (Alberta) and regulations thereunder, and the bylaws of Servus Credit Union. Members are eligible for immediate payout of shares Shares in the following scenarios:
Appears in 1 contract
Samples: Member Agreement
Share Redemption. The Member acknowledges that the shares Shares represent ownership in Servus Credit Union and that the value of the shares Shares is neither guaranteed nor insured. Share redemptions are subject to approval by the Board of Directors of Servus Credit Union, or as delegated to the President and CEO of Servus Credit Union, or their his or her designate. Redemptions are also subject to restrictions under the Credit Union Act (Alberta) and regulations thereunder, and the bylaws of Servus Credit Union. Members are eligible for immediate payout of shares Shares in the following scenarios:
Appears in 1 contract
Samples: Member Agreement
