NCL invests in communities;

Anyone over the age of 21 can become a NCL member. Membership costs $25.00. Only one membership is allowed per individual.  Members are eligible to vote for and serve on the Board of Directors, and vote toward investment property decisions when requested by the Board of Directors.

If you are Interested in becoming a member please contact us and we will provide you with everything a member  should know about our mission, our goals, our cooperative framework and how to become a member.

Co-operatives are businesses that are run by and for their members in order to meet an economic, social or cultural need. As businesses driven by values, co-operatives adhere to the seven principles;

  1. Voluntary and Open Membership
  2. Democratic Member Control
  3. Member Economic Participation
  4. Autonomy and Independence
  5. Education, Training and Information
  6. Cooperation among Co-operatives
  7. Concern for Community

Co-operative values

Co-operatives are based on the values of,  self-help, self-responsibility,  democracyequalityequity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others.

  • Your co-op

    The Co-op is owned by it’s Members

    A co-operative (co-op) is a different kind of corporation.  Our Co-op is owned by you, the member.  As an owner you get a vote on how the co-op is run.

    As the co-op earns a profit, those profits are shared with its members. Co-ops are community minded and support community projects and objectives.

    WHO CAN BECOME A MEMBER?

  • Membership

    Our Members are the Shareholders.  After completing the membership application the required allotment of shares will be issued in your name.

    Membership Share

    To become a member of the co-op each member must purchase membership shares.  This membership purchase is an investment of $25.00.  Once you become a member you will be entitled to participate in any one of  the investments.  New membership shares can be returned to the co-op without any deduction from your initial membership shares of $25.00. 

  • Membership Types

    There is only one  membership and each member has one vote.  There are a number of ways a member can participate in the co-op.  A member can acquire any number of  shares or investment shares greater than 100 shares.

    • A member can obtain an RRSP account.
    • A member can obtain a TFSA account.
    • A member can have debenture account.
    • A member can have a preferred share account.
    • Demand Loan.
  • Application

Why is NCL for Profit?

Being for profit allows NCL to operate without the restrictions that constrain  non profits.  By providing an alternative to traditional real estate investments, NCL keeps resources in the communities where they have a foot print.

Your financial support for  NCL carries the same risks as any other investment-there is no guaranteed return and your support is not insured as it would be with a credit union or a bank.

Membership