Share accounts are Credit Union Savings Accounts, same as Passbook Accounts. To open an account, you need to deposit a minimum of $5.00.
Dividends are figured on an average daily balance and paid to the account on the last day of each month.
Quarterly statements are mailed to all members. Retain these statements for general information and income tax purposes.
Once the share account is opened and membership to the Credit Union is established, the following options are offered to a member.
SHARE DRAFT ACCOUNTS (CHECKING)
Share Draft Accounts, same as checking accounts, are available at the Credit Union. No minimum balance to open account, and no monthly service charge. Dividends are paid on the last day of the month if the member maintains an average daily balance of $500.00 or more. Duplicate checks are only offered to the member since the Credit Union does not receive the original check. Visa atm/debit/check cards available upon approval.
Statements are furnished monthly showing the number of each draft processed, the amount and the date paid. There is a service charge for overdrafts, stop payments, and photo copies of paid drafts.
Christmas Club Accounts
Make regular deposits, no set payment schedules to follow. Dividends are paid monthly and club checks are mailed November 1.
CERTIFICATES & IRA’S
The minimum balance to purchase a certificate is $500.00. The Credit Union offers the following certificates:
1. Credit Union Term Share Certificates:
A. 91-Day Certificates
B. 6 Month Certificates
C. 12 Month Certificates
D. 18 Month Certificates
2. IRA Accounts:
A. 18 Month IRA Certificates
B. IRA Share Account – minimum balance may start below $500.00 and receive passbook rate.