The Co-operative Housing Interest Pool (CHIP) offers co-ops a way to save better. CHIP turns small individual co-op accounts into one large depositor, making them all eligible for higher interest rates. The larger the total amount on deposit, the higher the interest rate.
CHIP offers your co-op:
Currently over 160 co-ops have combined deposits of more than $160 million in CHIP through three participating credit unions: Vancity, CCEC Credit Union, and Coast Capital Savings. CHIP provides above-market returns on your operating and savings accounts, continually adding value to your membership dues.