MSCU Offering Impact Product


    Mennonite Savings and Credit Union (MSCU) and Oikocredit Canada have teamed up to launch the ‘Oikocredit Global Impact GIC.’ Investors in Ontario will be able to invest in a guaranteed, RSP-eligible investment aimed at lifting people out of poverty in low-income countries. Investments are guaranteed by the Deposit Insurance Corporation of Ontario (DICO) and are eligible for non-registered investments and registered accounts in RRSPs, RRIFs, and TFSAs. The GIC is being offered as a 12-month term at an initial interest rate of 1.30 per cent. It is available to any individual or institutional investor in Ontario who is a member of the credit union.