The Share account is the foundation of credit union membership.
Although it is essentially a savings account, it is called a “Share” account because the minimum balance of $5 is one share in the credit union.
Coosa Pines FCU, like all credit unions, is democratically controlled by its membership and operated by a volunteer Board of Directors elected by the members. Each member has one share and one vote, regardless of how much money the member has on deposit with the credit union. The Share account is the one account that each member is required to have, and is your key to accessing all of the services and benefits of credit union membership. The par value (minimum balance) of a Share is $5.00.

The
Share account will earn dividends from the first day of deposit. Dividends are declared by the Board of Directors at the end of each quarter, and paid directly to the
Share account. The dividends earned are calculated using the average daily balance for the previous quarter. Statements for members who have
Share accounts only, and have no electronic transactions for the previous quarter, are mailed quarterly unless the member subscribes to
e-Statements.
*Federal Regulation D restricts the number of electronic transactions on a savings account to six (6) per month.
For more information on Regulation D transactions, please contact a Member Service Representative.