Each share account insured to $250,000 by Administrators of NCUA - an agency of the Federal Government.

Deposit: Initial deposit of $25

Withdrawals
One withdrawal per month at no charge; $3.00 charge after the first withdrawal.

Ownership of Account

Single-Party Account Without "P.O.D." (PAYABLE ON DEATH) Designation
The party to the account owns the account. ON the death of the party, ownership of the account passes as a part of the party's estate under the party's will or by intestacy.

 

Single-Party Account with "P.O.D." (PAYABLE ON DEATH) Designation
The party to the account owns the account. ON the death of the party, ownership of the account passes to the P.O.D. beneficiaries of the account. The account is not a part of the party's estate.

 

Multi-Party Account with Right of Survivorship
The parties to the account own the account in proportion to the parties' net contributions to the account. The financial institution may pay any sum in the account to a party at any time. On the death of a party, the party's ownership of the account passes to the surviving parties.

 

Multi-Party Account Without Right of Survivorship
The parties to the account own the account in proportion to the parties' net contribution to the account. The financial institution may pay any sum in the account to a party at any time. On the death of a party, the party'' ownership of the account passes as a part of the party'' estate under the party'' will or by intestacy.

Account Designations

• Payable on Death (POD) Trust Account-Beneficiary's name, address.

• Stop Payment

• Direct Deposit (ACH - Automatic Clearing House)

• Payroll Deduction