Equity Shares in the Credit Union entitles the member to ownership rights in the Credit Union. As a unit of ownership the share holder gets a voting right in the Credit Union. The total of these shares is what contributes to the capital of the Credit Union.

Equity shares are the capital of the Credit Union. Total capital contribution for a company comprises of investments through equity share holdings by small and big investors. The investors who have a stake in a company are referred to as shareholders. The equity shares are therefore documents issued by the Credit Union and purchased by shareholders which entitle them to be one of the owners of the Credit Union.

Purchase of equity shares is a requirement of membership. Each share has a par value of $5.00. Each member must acquire a minimum of 20 shares at a value of $100.00

The profits received by equity shareholders depend on the profit making capability of the Credit Union. In a situation where the Credit Union has made huge profits the benefits are passed over to the equity shareholders by way of dividends.

Dividends are paid annually at a rate determined at the Annual General Meeting (AGM), not exceeding the maximum allowed by the Co-operative Laws of St. Lucia.

It was necessary for MRECCU to re-classify shares to satisfy the requirements of the International Accounting Standards Board (IASB).