Deferred shares.
Deferred shares are a longer-term, regulator-recognised form of capital that members can invest in MCU. They sit behind ordinary share savings in the capital stack and earn a different return.
The full terms come from MCU directly.
Deferred shares are a regulated investment and the up-to-date terms, eligibility, dividend rate and risk warnings sit in a prospectus document the Board reviews each year. We'll send you the current copy by email or hand it over the counter.
We don't reproduce the prospectus on this page so members always see the latest signed version.
Two kinds of share, two different jobs.
The current dividend rate, eligibility and risk warnings for deferred shares are in the prospectus. Speak to a director before applying.
Member investors who want to back the union long-term.
Ordinary share savings are the everyday savings account — protected up to the £15,000 maximum balance by cash reserves held under an FSA-approved arrangement.
Deferred shares are different. They're regulatory capital, not deposits. They earn a different return, sit behind ordinary savings if anything ever went wrong, are not covered by any protection scheme, and are only repayable in restricted circumstances. Many members take them as a form of social investment in the Island.
Because of that, they're suited to members who already have their everyday savings covered and want to put a little extra into the credit union for the long term. Speak to a director before applying.