Shares (Savings)
Dividends are declared by the Board of Directors and paid quarterly on the member’s average daily balance. Minimum average daily balance required to earn dividends is $300 on the prime share.
Share Accounts are Federally Insured by NCUA up to $250,000.
All contractors that have signed an agreement with IBEW Local 26 participate in payroll deductions. For convenience, IBEW Local 26 Union dues can be paid out of the member’s Share Account. To do so, call the Credit Union office and provide us with your account number and the amount of dues owed to the union and we will forward your payment to the dues office.
In order to withdraw money, members can either mail or fax a signed written request for withdrawal of funds or come to the credit union in person.