 |
 |
 | |
 |
|
| Notices |
Shares (Savings)
1. $30.00 is all that is required to open a share account. $25.00 is a minimum balance required to keep the account open. However, the member does receive the $25.00 back when the account is closed. The $5.00 is a Credit Union fee.
2. If you want a joint owner on the account, be advised that that person has the same rights as you in depositing or withdrawing from this account. Also, in the case of your demise, the balance of the account would automatically become the property of the joint owner(s). There is a section on our Signature Cards where you can designate an insurance beneficiary. In case the name differs from that of the joint owner, the insurance benefits would go to the party named as beneficiary, not the joint owner. The joint owner would be entitled to the balance of your account.
3. In order to change or delete a joint owners name on your account, a new card must be signed to either change or delete the name(s).
4. If you do not wish to have a joint owner but do wish to have the account paid to a specific person or persons, we do have Payable on Death account cards available.
5. Your savings are federally insured up to $100,000.00 by the National Credit Union Administration (NCUA), a government agency.
6. You will receive dividends quarterly on your savings. The dividends are paid only on the money not withdrawn or transferred during this three-month period. In order to receive dividends on money deposited in any one month, it must be deposited on or before the 10th of that month.
|
|
|
|
 |
