Share Savings Accounts
Simply stated. Share Savings Accounts are credit union savings accounts. Share Savings Accounts offer an alternative to bank savings plans without all the extra fees or high balance requirements.
Membership in the credit union is established by depositing and maintaining at least $5.00 in this account. Dividends for Share Savings Accounts are compounded daily and paid monthly. Rates may vary due to market fluctuation.
All savings are insured up to $250,000 by the NCUA (National Credit Union Administration), a U.S. government agency.
Sub-Share Savings Accounts
This account is a unique savings account that allows members to save for special events while earning the same dividends as the Share Savings Account.
The Sub-Share Account requires no minimum balance. Deposits or withdrawals can be made through Payroll Deduction, Audio Response, by phone, in person at the credit union. This type of account is not accessible through an ATM. |