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 159 co-ops have combined deposits of more than $157 million in CHIP through three participating credit unions: Vancity, CCEC Credit Union, and Coast Capital Savings.