O.A.C. Rate subject to change. No purchase necessary. Some conditions apply.

Limited Time Offer: Invest In PACE Class B Investment Shares And Receive A 10% Bonus

We know that when it comes to your finances, you want the greatest reward attached to the lowest possible risk. Since PACE Credit Union is entirely owned by our members, it’s within our mandate to do everything we can to give you the best returns possible on your investments. To date, our investment shares have paid an average 5.4% dividend each year. This is a significantly higher rate of return when you compare to similar investments such as a 5 year term deposit. Participating in these exclusive member investments could be a great complement to your portfolio, particularly if 'buy and hold' RRSP investments or strategies involving dividends are where you feel comfortable.

As co-owners of PACE, you deserve higher returns on your investments. That’s why for a limited time our PACE Class B Series 3 Investment Shares offer a 10% subscription bonus*, as well as a good feeling knowing that your investment helps support the continuous growth and development of the Credit Union. When it comes to investing as a community, your success is our success.

Not A Member Yet? Here's 6 Reasons To Join PACE Credit Union

Great Service At Competitive Rates

We don’t have shareholders to answer to. All profits are used to reward you, our owners. This means we can offer superior solutions and service at low rates.

Our boss isn’t the share price, it’s you. So we won’t gouge you with sneaky extra fees.

No Nickel & Diming

You’ll have access to 15 branches in Ontario, over 3,300 ATMs across Ontario, Canada and online banking 24/7.


You’re the boss and your time is valuable. We work on avoiding the long, bureaucratic process that some bank head offices demand.

Easier Process

PACE has the ability to offer more options and greater flexibility than traditional banks because of our smaller size and, as a result, we provide more personal service to accommodate each of our member’s unique needs and circumstances.

Greater Flexibility

We don’t have a structured credit scoring system. We get to know you and your unique financial history. If you had a major illness or a divorce it won’t count against you.

You Are More Than a Score

Don't Miss Out. Call Our Contact Centre.



Higher Rate of Return - Dividends that, on average, to date pay 5.4% per year.

 Limited Time Subscription Bonus For a limited time, members who purchase shares from other members will receive an impressive 10% subscription bonus.

RRSP & TFSA Friendly Very suitable for ‘buy and hold’ RRSP investors (provided the member is under 65). Non-registered and TFSA funds also eligible.

Peter Campbell is a retired engineer who worked with the Toronto District School Board for many years. Peter began his relationship with PACE when he first started working with the Toronto District School Board as part of a payroll deduction. Both Peter and his wife have been loyal PACE members for over 25 years.

 I feel like a spoiled child with the attention I receive at PACE. I am welcomed by name and they provide me with personal helpful advice. PACE taught me a lot about my finances and how to use a budget. PACE definitely helped me get into a better financial situation.

Peter Campbell

Member Since 1985

In 1974 Marlene purchased a home in the hope to turn it into an income property. After having a successful income property, Marlene next decided to purchase and renovate a 21 unit apartment building. When she went to a traditional bank for a mortgage, she was laughed out for the request. When Marlene asked PACE for the mortgage she was greeted with open arms and was approved. What started out as a dream became reality with the support of PACE. This property allowed Marlene to retire at the age of 39 from General Electric.

Member Since 1969

Marlene Miller

For over 25 years, the Van Kessel family have owned and operated their own business, Chris Van Kessel Masonry. Being self employed masons made it difficult for the Van Kessel’s to get help from other financial institutions.

 Part of what makes PACE great is the branch managers and staff. Whenever I go into PACE, I do not feel rushed or pressured like I have felt at other financial institutions. PACE also goes out of their way to contact their members when changes in their accounts or issues arise personally. They take those extra steps that keep me coming back.

Member Since 1979

Lori Van Kessel

Todd is the proud owner of Moksha Yoga Don Mills. When Todd came into PACE for the first time, he was surprised to learn what PACE had to offer him and his business. He found that PACE could offer better rates and a better financial plan for his business than his previous bank. Todd also likes that Credit Union’s support smaller businesses like his own.

 There is a community based feel to each branch. PACE really cares about my business and its success.

 The best part about PACE is the relationships that I have created. I have always been very impressed with the way that PACE has treated me and my accounts.

Member Since 2009

Todd Canning

Meet A Few Of Our PACE Members

  • Each year the Board of Directors may declare a dividend based on the performance of the credit union
  • The dividend will be paid into “Class A Shares”
  • The lowest declared dividend payment to date is 3.00% while the highest was 6.00%
  • A bonus of 10% is being offered to members wishing to purchase the shares from members wishing to redeem shares (limited time offer)
  • An average return of 5.41% since inception
  • The bonus is paid to a savings account when the purchase is completed and a T5 will be issued for the income
  • The bonus can be used to purchase additional “Class A Shares” if desired


  • The Board at their sole discretion, may choose to redeem up to 10% of the outstanding shares in a given year
  • Shares will be redeemed in the situation of an Estate or for members who are turning 71 and must convert their RSPs into RIFs
  • The credit union however, will facilitate transfers to members wishing to redeem their shares to members wishing to purchase shares
  • The credit union will maintain a list of members who wish to redeem as well as a list of members who wish to purchase
  • Redemption requests will be accepted on a “first come, first served basis” subject to the priority as noted on the “Share Redemption Request Form”
  • Members purchasing Investment Shares from another member are required to waive their right to redeem for 5 years from date of transfer
  • Members can find a purchaser for their shares on their own


  • Requests from members to redeem their shares must be in writing and include the Shareholder(s) name, Certificate number and number of shares to be redeemed
  • Stamp the request with teller date stamp and record time received
  • Scan and upload the document to CRM setting up a contact to the Investment Services Manager (Marilyn Bly)
  • The Investment Services Manager will prepare the Investment Share Transfer/Redemption forms and upload them to CRM setting up a contact to the member’s branch
  • The original “Share Transfer/Redemption Request Form” once signed and witnessed, along with the original Share Certificate are to be uploaded to CRM and a contact set up to the Investment Services Manager-if the member cannot find their certificate a “Lost Certificate Indemnification” form must be signed
  • The credit union will facilitate the transfer of these shares to another member wishing to purchase these shares
  • All transfers will be processed by the Investment Services Manager
  • Once the transfer is completed the requesting branch will be notified through CRM
  • The branch is to notify the member that the transfer has been facilitated


*Read about the Return and Redemption details below.