| When you become
a member of the credit union a savings account is opened in your name. An initial
deposit of $5.00 is required. All members must maintain a $5.00 balance in their
savings account to remain a member, and demonstrate regular activity in
their account to keep it open.
Other features of Regular
Savings include:
- A competitive interest
rate paid quarterly on the average daily balance in your savings account.
- Withdrawals: To
withdraw money from your savings account, simply stop by the credit
union or call our office. Members may make up to four savings
withdrawals per quarter free of charge. After four withdrawals in one
quarter a $5 charge per excessive withdrawal is applied.
- Quarterly statements
by mail or electronically.
- Payroll
deduction:
You may have deposits to your savings account deducted directly from
your paycheck.
- If you have any other
questions about regular savings accounts, contact
us.
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