Your Shares Account serves as an excellent way to cultivate a regular habit of saving. By depositing a specific amount each month through salary deduction or making deposits at our office, you are actively contributing to your financial growth. This disciplined approach sets the foundation for achieving your short-term and long-term financial goals.

Minimum Opening Deposit

To embark on your journey with the Shares Account, all it takes is a minimum opening deposit of $20.00. This affordable entry point makes it accessible for everyone to kickstart their savings journey. Additionally, please be aware that the Shares Account is charged a yearly fee of $10.00. This fee is inclusive of a $4 membership fee, securing your ongoing membership benefits, and a $6 account maintenance fee, ensuring the seamless operation and administration of your Shares Account.

Annual Dividends Payment

One of the standout features of your Shares Account is the annual interest payment, known as dividends. At the end of each fiscal year, a portion of the credit union’s earnings is distributed back to members in the form of dividends. The more you save in your Shares Account, the greater your share of the dividends. It’s a tangible benefit that reflects our commitment to sharing the success of the credit union with you, our valued member.

Your Fiscal Year Timeline

Understanding the fiscal year is crucial for maximizing the benefits of your Shares Account. The fiscal year begins in April and concludes in March of the following year. This timeline dictates when the annual dividends are calculated and paid to your account. Stay informed and make the most of your Shares Account throughout the fiscal year.

In conclusion, your Shares Account is not just a place to stash away savings; it’s a dynamic tool that empowers you to achieve your financial aspirations. Dive into the details, explore the benefits, and leverage the versatility of your Shares Account to pave the way for a brighter financial future.