Eastern Credit Union
Leading the way
Improve your financial being
Membership Accounts
Deposits
Accounts where a specific amount of funds are placed on deposit to earn a rate of interest.
As a shareholder you are entitle to an equal distribution in any profits that are declared in the form of dividends
- Dividends are paid on share savings annually.
- Share savings are covered by insurance.
- In the event of your death, benefits are transferred to your beneficiary.
- Shares are covered by insurance for a maximum benefit of $30,000.00.
- Your shares are your nest egg for the future.
- Your shares are means of security and are used as collateral for loans in times of need.
- Your share savings represent a demonstration of thrift – the ability to manage money wisely and profitably.
Special Shares were established to increase the reserve holdings of Eastern Credit Union and to establish a strong capital base as well as to minimize risk to Members. In addition to Ordinary Shares all new members must purchase four (4) Special Shares valued at $25.00 each. When opening an account one must contribute $100.00 to Special Share Account
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