Why Credit Unions are Unique

Credit unions are unique in the world of financial institutions, in that we become “members” of a credit union instead of “customers” of a bank or finance company. Membership requires a regular share account to be created when a member joins the credit union. This account can be thought of as a savings account at a bank. That is, it’s normally used as a long term savings account that is not frequently accessed. Member must maintain a minimum balance in the primary shares (savings) account of $250.00.

Dividends are paid on all funds on deposit, including the minimum balance, and any funds on deposit above $250 may be deposited and withdrawn with no restrictions. Our dividend rate is very competitive with (and often surpassing) 6 and 12 month insured CDs at area institutions without the requirement to wait on a maturity date to make a withdrawal.