The credit union’s regular share accounts are referred to as share accounts because, as a member, you share in the ownership of the credit union.
Each member of Sixth Avenue Baptist Federal Credit Union owns a share of the credit union and is required to maintain a $25.00 balance in a share account. The $25.00 is always yours and will be returned to you upon closing your account.
This is a dividend earning account. Dividends are paid semiannually on the average daily balance in the account during the dividend period. Statements are sent to the members quarterly providing the members with a complete record of transaction activity and dividends earned on the account. This account may be used for overdraft protection in conjunction with the credit union’s share draft account.