Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this1:28 pm
July 10, 2011
Offline
If your interested in voting on Sunova's board just login and the link should be there.. You can also buy additional shares upon request. Which is a requirement of standard Sunova accounts. I'm not affiliated with sunova other then a Hubert account with a few additional shares.
1:53 pm
October 21, 2013
Offline
that's very democratic of them. On the other hand, I wouldn't have a clue who to vote for!
4:48 pm
August 28, 2013
Offline
Exactly! Most likely due to some kind law they have to invite you to vote. But, unless you are deeply involved in that particular financial institution how the heck you know who is who?
Waste of paper. If they could notify members by e-mail, I could tolerate but they send tons of paper...
6:25 pm
October 21, 2013
Offline
Yes, it probably is a legal requirement. I haven't received anything in the mail though - yet.
I must plan my next trip to MB to coincide with the AGMs of some of these institutions, and meet the folks! I wonder if there's a free lunch?
1:21 pm
March 20, 2015
Offline
JustMe said
Exactly! Most likely due to some kind law they have to invite you to vote. But, unless you are deeply involved in that particular financial institution how the heck you know who is who?
Waste of paper. If they could notify members by e-mail, I could tolerate but they send tons of paper...
I am new to Hubert and only found out about them because of this site. I decided to vote because it's no different than voting at my local Credit Union. I spoke to Hubert and they don't mail anything other than the annual T5 and welcome package. Curious, what did you receive in the mail JUST ME?
2:37 pm
July 10, 2011
Offline
Hubert does send notices via email. They will not send paper due to the costs (other than T5s - legislated).
As a side note - I tried to get info on voting last year from Hubert and it was alot harder to do then this year. I never pushed for access to vote but I should of been able to.
3:59 pm
October 21, 2013
Offline
I have still not received any notification, by snail or e.
6:23 pm
April 6, 2013
Offline
I think one can still vote without having the e-mail notification.
After signing in, there is a link "Board eVote 2015" on left sidebar, under the "logoff" and "help" buttons.
9:08 pm
July 10, 2011
Offline
Exactly.. Check online.. Here's the email I got..
Good morning,
Thank you for your interest in casting a vote in Sunova’s 2015 board election! You can vote by logging into your account with your member number and Hubert online password and select board vote from the left hand menu. Here is a link that will take you directly to the voting page https://www.sunovacu.ca/evote/
Last day to vote is April 20, 2015 so don’t forget to cast your vote before the deadline.
If you have any questions we are more than happy to answer them. We can be reached at 1-855-4HUBERT (1-855-448-2378), by email at hubert@happysavings.ca or by online secure chat at http://www.happysavings.ca.
9:58 pm
July 10, 2011
Offline
The 2014 financial statement is out.. Payout for Sunova shares are listed.. https://www.sunovacu.ca/WhyWereAwesome#whoweare-reports
19. MEMBERS’ SHARES
Each member, of legal age, of the Credit Union has one vote, regardless of the number of shares
that a member holds.Authorized shares
Common shares
Authorized common share capital consists of an unlimited number of common shares, with an
issue price per share to be not less than $5 and redeemable at the discretion of the Board in the
amount of consideration received for the share. Under the terms of a share purchase program,
members are required to purchase additional common shares. A member ceases to participate
in the program when they have a maximum of 200 common shares. The total amount of
common shares purchased or redeemed by the Credit Union shall not reduce the Credit
Union’s equity below 5% of assets.Surplus shares
Authorized surplus share capital consists of an unlimited number of surplus shares, with an issue
price of $1 per share and redeemable at $1 per share.
Distribution to members and share dividends
During the year, pursuant to Board approval, the Credit Union declared:
[a] 4.90% share dividend of $891,186 [2013 – 4.50% for $843,994] based on common shares
held by the membership.
[b] 4.75% share dividend of $271,980 [2013 – 4.50% for $230,115] based on surplus shares
held by the membership.
5:53 am
October 21, 2013
Offline
I hesitate to ask, but does anyone know what this means in plain English?
10:28 am
July 10, 2011
Offline
Payouts for Sunova shares.. 4.90% for common and 4.75% for surplus..
5:39 pm
October 21, 2013
Offline
4.9% and 4.75% of what? I know I'm not very bright on this issue, but don't the shares cost something like $5? I I thought every member just had one of them.
Does this really amount to anything?
8:00 pm
April 6, 2013
Offline
Sunova members who join through Hubert Financial are required to purchase just one share.
Sunova members who join through Sunova, who are not 60 years of age and older, not students enrolled in post-secondary education, and not under the age of 18, are required to purchase five shares initially and then an additional ½ share each month. The monthly purchase continues until member has accumulated 200 common shares (invested $1,000). See Sunova: didn’t your parents ever teach you about sharing?
One can purchase more Sunova shares, if one wishes.
8:11 pm
December 23, 2011
Offline
So does that mean 2012 dividends were over 9%?
Can we Hubert members buy?
Can we put them in a TFSA account?
What happened in 2013 and 2014?
https://www.sunovacu.ca/Home/Download/0?path=~%2FContent%2FFiles%2FShare
8:23 pm
April 6, 2013
Offline
Unfortunately, it was not over 9% in dividends.
It was 4.90% on the one's common share holdings and 4.75% on one's surplus share holdings.
8:24 pm
December 23, 2011
Offline
Loonie said
4.9% and 4.75% of what? I know I'm not very bright on this issue, but don't the shares cost something like $5? I I thought every member just had one of them.
Does this really amount to anything?
I have a friend that used to be a Credit Union manager and he said in the old days that buying shares was a good deal. I don't think that most credit unions push selling them in quality any more.
8:25 pm
April 6, 2013
Offline
Someone reported that the shares are TFSA eligible and Hubert members could buy more. See thread Hubert / Sunova Common & Surplus Shares now RRSP/TFSA Eligible
8:35 pm
December 23, 2011
Offline
So is the common share the 1 that you have to have for an account and what ever more you buy are the surplus ones? I can be sooooo daft!!!
12:17 am
July 10, 2011
Offline
Historical dividend payouts: https://www.sunovacu.ca/Home/Download/0?path=~%2FContent%2FFiles%2FShare
The surplus is the dividend you get off your common share(s).
Please write your comments in the forum.