CornerstoneCU - Investment Options for Jordan's Principle Settlement

Cornerstone Credit Union is committed to your financial wellness. We have developed term deposit investment options specifically for members who are recipients of the First Nations Child & Family Services and Jordan's Principle Settlement.

Term deposits guarantee a set return over a fixed period. Choose a redeemable term deposit option if you need flexibility in accessing your funds. Or opt for a non-redeemable term deposit if you want to earn a higher rate of interest while locking in your funds for a fixed, longer period of time.

Whatever you choose, you can also access structured cash withdrawals. This provides flexibility while ensuring effective management and growth of your funds.

Talk to your advisor to decide on the investment option that's right for you.

Redeemable Term Deposit

No Cash Withdrawals

Term Length	12 months
Minimum Deposit	$1,000
Additional Deposits (through your Financial Advisor)*	Yes.
PATs	N/A.
Automatic Renewal	Yes.
Redemption	Redeemable in full after 90 days without penalty or rate reduction. No interest paid if redeemed within first 90 days. If completing a partial withdrawal, interest will be penalized on the amount redeemed.
Withdrawals	Withdrawals can be made at any time after 90 days. Minimum withdrawal is $500. $1,000 minimum balance must be maintained in investment.
Interest Paid	Paid monthly* or annually into investment or demand account. Monthly interest offered at a reduced rate. Restrictions apply.

Structured Cash Withdrawals

Term Length	Minimum 6 months, Maximum 12 months
Minimum Deposit	$5,000
Additional Deposits (through your Financial Advisor)*	Yes.
PATs	$100 minimum per PAT.
Automatic Renewal	Yes.
Redemption	Redeemable in full after 90 days without penalty or rate reduction. No interest paid if redeemed within first 90 days. If completing a partial withdrawal, interest will be penalized on the amount redeemed.
Withdrawals	Withdrawals (separate from scheduled cash flow) can be made at any time after 90 days. Minimum withdrawal (separate from scheduled cash flow) is $500. No minimum balance required to be maintained.
Interest Paid	Paid monthly* or annually into investment or demand account. Monthly interest offered at a reduced rate. Restrictions apply.

Non-Redeemable Term Deposit

No Cash Withdrawals

Term Length	12, 24, 36, 48, 60 months
Minimum Deposit	$1,000
Additional Deposits (through your Financial Advisor)*	No.
PATs	N/A.
Automatic Renewal	Yes.
Redemption	N/A.
Interest Paid	Paid monthly* or annually into investment or demand account. Monthly interest offered at a reduced rate. Restrictions apply.

Structured Cash Withdrawals

Term Length	12, 24, 36, 48, 60 months
Minimum Deposit	$5,000
Additional Deposits (through your Financial Advisor)*	No.
PATs	$100 minimum per PAT.
Automatic Renewal	Yes.
Redemption	N/A.
Interest Paid	Paid monthly* or annually into investment or demand account. Monthly interest offered at a reduced rate. Restrictions apply.

Frequently Asked Questions

You can find detailed information about the First Nations Child and Family Services and Jordan’s Principle Settlements on the official website First Nations Child And Family Services And Jordan’s Principle Settlement.

You can receive your funds via AFT (Automated Funds Transfer) if you provide your banking information during the application process or within 60 days of receiving confirmation of a successful claim. If banking information is not provided, a cheque will be issued instead.

Payments are expected to begin in September.

The distribution of settlement funds will likely span several years.

Pricing will be at posted rates.

No. You must have a CCU deposit account to facilitate pre-authorized transfers (PATs).