Savings Accounts

Unlike a commercial bank, individual savings accounts are called “share” account since they represent ownership in the credit union. The following types of share accounts are offered:

• Regular Shares – A demand type account where deposits and withdrawals are unlimited and there is no charge for activity. The dividends are paid quarterly and are based on the Credit Union’s performance for the past quarter and the member’s average daily balance.

• Club Accounts – Convenience savings accounts for special purposes. The balances are paid once a year and earn dividend based on the average daily balance.
  • Christmas Club – Paid 9/30
  • Vacation Club – Paid 4/30
  • Back to School Club – 7/31