Share Account

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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.

Dividends

Paid Quarterly

Tax Sheltered

Member Priviledges

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.