Products

Permanent & Voluntary Shares

You must first open a Permanent share and a Voluntary share account in order to be a member of the credit union.  These allow members to be part owners of the credit union and have control over the company via a Board of Directors.  Minimum opening balances for these accounts are $2,500.00 and $500.00 respectively  The Permanent share is a onetime contribution. This amount cannot be withdrawn nor can it be used as collateral. 

 The permanent shares can only be withdrawn when a member resigns from the institution.  The voluntary share account allows you to build up your financial base in the credit union so that you will be able to qualify for a loan in the future and interest is payable on this account.  You can also benefit from lower interest rates on loans and get insurance coverage of up to three times your share balance.