The first $5 in your savings account is your member share, which makes you a member of the credit union and allows you the right to vote for the Board of Directors. Dividends are calculated on a daily basis and paid quarterly. A $25 minimum account balance is required to keep your account open and active.
One time $1.00 membership fee for every new savings account does not include sub savings accounts.
This is our name for a savings account, and is the basic account of the credit union. You earn a rate of interest that is set by the Board of Directors and reported on your quarterly statement. The National Credit Union Administration (NCUA), a U.S. Government agency, insures your share account up to $250,000. So you can rest easy.
A great way to save for the holidays. Club accounts receive a higher rate of interest due to the fact that funds are only available for withdrawal November 1st through the end of the year. If funds are not picked up or transferred by November 15th, a check will be mailed to the address on file unless otherwise specified. Make regular deposits into a club account and your money will be there right when you need it.
Looking to purchase a new truck in the future? Set aside a special savings account just for that purpose. Secondary share accounts can be made for any purpose you can think of…like a down payment on a house or a car. For whatever reason, you can have as many sub accounts as you need—for free.