Every member has equal ownership and an equal say in how their credit union operates, which means your bottom line is our bottom line. Gulf & Fraser is proud to be your community credit union for over 80 years.
Become a Gulf & Fraser member!
Get in touch with us by filling out a short form.
At Gulf & Fraser, it is our priority to ensure you gain the financial clarity and direction you need to meet your financial goals and Power your possibleTM. We focus on providing expert advice personalized for you, sharing the knowledge you need to make informed decisions.
Manage your day-to-day spending and saving with ease when you choose from our simplified lineup of accounts designed for our personal and business members.
Access 43,000 surcharge-free ATMs in North America with THE EXCHANGE Network in Canada and the Allpoint Network in the US.
Your deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC).
Take charge of your future with a custom Smart Money Plan™.
Attend free financial literacy sessions held at our branches and in the community.
Receive competitive loan and deposit interest rates, with little to no restrictions.
Experience more freedom with flexible repayment terms, a double-up payment option and more.
Get unlimited access to online banking from your smart phone, desktop computer, or other device.
Make convenient and secure purchases with a tap of your Interac Flash®-enabled Gulf & Fraser MemberCard®.
Deposit a cheque by taking a photo of it and using Deposit AnywhereTM on your phone or other device.
Get financial advice from our mobile financial experts when and where it makes sense for you.
Connect with us via LiveChat instant messaging or talk to our helpful experts at our Member Hub.
Visit one of our branches across the Lower Mainland.
We are 100% local and can keep wait times short (most mortgages are approved within 24 hours).
We respond quickly to loan and mortage approvals, new account openings and product inquiries.
As a member of our credit union, you own a part of Gulf & Fraser. This means you're entitled to vote on policies, elect board members, and voice your opinions on how the organization is run at our Annual General Meeting.
As a Gulf & Fraser member, you have the option of purchasing additional membership equity shares or investment equity shares.
As actual owners of the credit union, individuals—including junior members—must buy and retain a minimum of five Class "A" Membership Equity Shares.* The cost to you is $5.00. It is also important that you know the Membership Equity Shares account is not an interest-bearing account.
Dividends
Dividends may be declared at the discretion of our Board of Directors. Dividends are dependent on the financial status of the credit union for that year and are paid annually during the first quarter following year end.
Note: Dividends paid by a credit union to a member who has shares in the credit union are not eligible for Canada's dividend tax credit (unless the shares are listed on a prescribed stock exchange) and are treated as regular interest income.
Share limits and redemption
The maximum number of Class "A" shares each member may purchase is 1,000. The balance may only exceed 1,000 by way of dividends, special dividends, and/or inheritance. Class "A" shares may be redeemed in full at any time upon:**
As a member, you have the opportunity to invest in Gulf & Fraser through Class "C" Investment Equity Shares (also called Gulf & Fraser Investment Equity Shares).
These shares help strengthen Gulf & Fraser's capital, supporting future growth and development. And, as a member, you'll receive a premium rate of return on your investment. Historically, Gulf & Fraser Investment Equity Shares have outperformed traditional term deposits.
Gulf & Fraser Investment Equity Shares are a good investment for members who:
We can help you get started.
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*Money invested in Equity Shares and the dividends earned from them are not guaranteed by the Credit Union Deposit Insurance Corporation (CUDIC). Shares are valued at $1.00 per share, no cents.
**Subject to the Credit Union Incorporation Act, the Credit Union may redeem the Class "A" Membership Equity Shares held by a member on such terms and conditions and at such time as the directors, in their discretion, resolve; Notwithstanding the foregoing but subject to the Credit Union Incorporation Act, the amount of Class "A" Membership Equity Shares that the Credit Union may be required to redeem in any financial year is limited to 10% of the amount of such shares issued and outstanding on the last day of the immediately preceding financial year; Any redemption or purchase of Class "A" Membership Equity Shares shall be at par value plus any dividends declared but unpaid thereon.
inquiry@gulfandfraser.com
604-419-8888
Weekday:
7am - 7pm
Saturday:
8am - 4pm
Weekday:
7am - 7pm
Saturday:
8am - 4pm
