Share Draft (Checking) Accounts
A Credit Union Share Draft Account is your alternative to regular checking. A very convenient feature of a share draft account is the carbonless copy you make each time you write a draft. It is always easy to determine to whom a draft (check) was written and the amount because you have a copy of each draft.
Every month you will receive a statement which shows the drafts that have cleared and all the deposits made to the account during the statement cycle.
The benefits of a credit union checking account are...
- No minimum balance
- No service charge
- Your account earns dividends
The balance required to earn dividends is $500.See Account Rates...
Variety of Certificate ProgramsSee Certificate Rates...
Share Accounts insured to $250,000.00
Credit unions, as with other financial institutions, are closely regulated for safety and soundness. The National Credit Union Administration (NCUA), an agency of the federal government, insures deposits of federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000.