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The Ownership Difference
Other Resources Financial Planning Tool Financial Fitness Visit our contact page and submit your question through the "Who can help me?" link or call one of our financial experts at any of our five branches. One Owner, One Vote Good Investment Becoming an owner is a good investment. Your Ownership Share earns you a potential return on your share investment in the form of patronage rebates and distribution (comparable to dividends) and influence on the progress of your business. All of OMISTA's 80+ employees are OMISTA owners too.
With the amalgamation of York and OMISTA Credit Unions, the OMISTA share requirement is $100, as approved by owners at OMISTA’s annual general meeting December 2009. Each owner is required to have at least one share in OMISTA Credit Union. For individual, commercial and non-profit owners the requirement is 20 shares or $100. Owners under age 19 are required to have one $5 share but the requirement will automatically move to 20 shares at age 19. An ownership share entitles you to vote at our annual or special meetings and to use all the services offered by OMISTA. Click here to see how to bring your share amount up to the required level. |
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