Members interested in these shares should receive an Offering Statement, which they will sign for and provide contact information (in case material changes to the Offering Statement need to be communicated). The member should read (or have their advisor read) the Offering Statement to make a fully informed decision. The member would then sign a Subscription Form (appearing in the Offering Statement) which details the amount and type of subscription. They then should complete an Authorization to Place Funds on Hold (for funds already at the credit union) or an Authorization to Place Funds in Escrow (for funds coming from outside the credit union). Both these forms are in the Offering Statement.
These funds are held until the successful closure of the Offering at which time the funds are used to purchase the subscribed number of shares. If the Offering is unsuccessful, the funds will be released back to the member, with interest. For shares held within an RRSP, further forms require to be completed. An RRSP application form with the appropriate trust agreement, a UCU deposit form and a designation of beneficiary form.