Share Accounts

• Your Credit Union offers several types of share savings accounts. You may open a share account at any time. Please see Current Rates.
• Share accounts earn interest compounded daily. Interest will be paid monthly and deposited into your account at the end of each month. Please see Current Rates.
• Payroll Deduction and other Direct Deposit options are available for most of these accounts.
• For some accounts, federal regulations limit the number of transactions that can be made during a calendar month. For more information, please see Transaction Limits.

Regular Share Account (S1)
Primary Share account. In order to be a member of the Credit Union and eligible for loans, you must have a minimum of $5.00 in this account. 

Secondary Share Account (S2, S2.1, S2.2...)
You can open as many secondary share accounts as you wish and choose any name you like for them (i.e. college fund, insurance, emergency, furniture, expense reimbursement, holiday, vacation, etc.).  

E-Shares Transaction Account (S6)
Unlike other types of share accounts, there is no limit on the number of electronic transactions that can be made to or from this account. This account was created for members who plan to make more than 6 electronic transfers per month.  

Trust Accounts and Payable on Death (POD)
Members who have created a trust may, by written agreement, establish a share account in the name of the trust. The Grantor of the trust must be within the Credit Union field of membership. 

Account Ownership
The Credit Union offers a variety of account ownership types, including individual, joint, trust, payable on death, organization, club, minor, UTMA (Uniform Transfer to Minors Act), UGMA (Uniform Gift to Minors Act), corporations, DBA (Doing Business As), etc. If you would like more information regarding the types of accounts permissible in your state or the requirements to open any of these, please contact your branch.

Individual Retirement Account (IRA)
We offer both Roth and Traditional IRA accounts. Contributions to Traditional IRA's may be tax-deductible for you or a spouse, depending on your tax filing status, MAGI (modified adjusted gross income) and active participation in a qualified retirement plan. Earnings on both Traditional and Roth IRA's are always tax-deferred until withdrawn; however, earnings on the Roth IRA may be withdrawn tax free and penalty free, in some circumstances. Please call your branch for more information.