A Credit Union share account is like a regular savings account, but there are differences. It's called a share account because you are actually purchasing shares and becoming an owner when you deposit your money into a membership share account.
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- Paid Quarterly
- Tax Sheltered
- Member Privileges
At Buckeye Community Federal Credit Union, one share is worth $5.00. To maintain membership privileges, each member must own one share; that is, keep at least $5.00 on deposit. This is a Tax Sheltered account.
A share account earns dividends, which are a distribution of the net earnings of the Credit Union. Dividends are computed using the average daily balance method and are compounded and paid quarterly.
"This credit union is Federally insured by the National Credit Union Administration"