Share/Savings
IMPORTANT NOTICE:
NCUA INCREASED SHARE INSURANCE TO $250,000 EFFECTIVE IMMEDIATELY.
The benefits of the El Paso Corporation Federal Credit Union begin when you open a regular savings account. You are actually purchasing shares in a financial institution. Therefore, your Credit Union savings account is called a “share account.” You actually own an equal share of your financial institution and you reap the benefits of its success.
There is no membership fee, but a minimum deposit of $5 into your Share/Savings account gives you access to all the privileges of El Paso Corporation Federal Credit Union membership. The $5 represents your share in the Credit Union and must be maintained to keep the account opened and to receive dividends. And, with our tiered savings program, the more you have on deposit, the higher the dividend rate. Access to your account is available: at our office, via Internet Access (Virtual Branch Banking), Audio Response, or by visiting one of the Credit Union Service Centers – a shared branching service located nationwide.
Share Accounts
(Dividend paid January 1, 2009 on December deposits)
Balance Rate A.P.Y.**
$5 - $5,000 1.00% 1.01%
$5,000.01 - $20,000 1.25% 1.26%
$20,000.01 - $50,000 1.75% 1.77%
Greater than $50,000 2.25% 2.27%
**SHARE ACCOUNT YIELD SUBJECT TO CHANGE MONTHLY.
Your savings are federally insured to at least $100,000 and backed by the full faith and credit of the United States Government ( NCUA), a U.S. Government Agency.
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