REGULAR SHARES SAVING ACCOUNT
Regular Shares Savings Account at POE Federal Credit Union are basically your primary savings account with the credit union.
To open a share savings account at POE FCU, we must first determine your eligibility. Next, each new member will need an opening deposit of at least $5.00, which must be maintained, and also for each new member, there is a one-time membership fee of $1.00 (total to open an account is $6.00). Each member must first open a share account before enjoying all of our other financial services.
- Membership foundation: Before you can use other services (like checking accounts, loans, or certificates), you must open a Regular Shares account.
- Minimum deposit: To open this account, POE FCU requires an initial minimum deposit of at least $5.00, which must be maintained in the account. There is also a one-time $1.00 membership fee, so the total amount needed to open a Regular Shares account is $6.00.
- Ownership: In a credit union, savings are called shares because every member is actually a part-owner of the credit union. Your Regular Shares account represents your “share” of the credit union. (This is how credit unions differ from banks — members own the institution and can vote for the board of directors.)
For more information, visit one of POE Federal Credit Union’s branches or contact a loan specialist to get started on your regular shares savings account today.