 Membership begins when you open a share account. The basic savings account is also the shares of ownership you have in the Credit Union. Opening a minimum $25.00 share account offers full membership privileges and qualifies you for all other Credit Union Services.
All regular Share Accounts receive very competitive monthly dividends.
Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you place cash/noncash items (for example, checks) to your account.
The par value of a share is $5.00. This is not a transaction account, so no more than 6 withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction can be made.
The dividend rate and annual percentage yield may change every month. The Board of Directors sets the rates. |
