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.

Share deposits can be made through Automatic Transfer, in person, at a Credit Union Service Center, by mail (please do not mail cash), through Direct Deposit, or by Night Deposit.

 

Transfers to and from the Share account can be made online through Virtual Branch, using Mobile Money, or through the Express Line automated telephone service.*

 

 

For more information on Regulation D transactions, please contact a Member Service Representative. 

 

This credit union is Federally insured by NCUA.  For more information on deposit insurance, click here.