SHARE ACCOUNTS
The minimum balance needed to open and maintain an account is $5.00. Dividends are
computed daily and paid quarterly on all share accounts. Dividends will be forfeited if the account
is closed before the accrued interest is posted.
- Regular Shares is the basic savings share on all Credit Union accounts.
- The Second Share savings account helps you keep track of funds for a special purpose.
- Christmas clubs are transferred the 1st week of November.
- The Tax Club is a separate account to help you prepare for tax payments.
- The Vacation Club provides a way to save for vacation travel.
- The Energy Reserve account can help you prepare for the high cost of New England weather.
- Individual Retirement Accounts are available for your future.
Multiple withdrawals in excess of four(4) per month are charged $2.50 per check
in an attempt to discourage too many withdrawal transactions .
This does not pertain to Share Draft accounts or to transfers to Share Draft accounts.
Did you know...?
That at no direct cost to you, your Credit Union provides Life Savings Insurance to match your
shares deposited before age 55 and on a decreasing basis after age 55. The maximum benefit payable is $2,000.00.
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