Regular Shares

  • A normal savings account which is your share of ownership in this Credit Union
  • Deposits and withdrawals can be made at any time unless the shares are pledged as collateral on a loan
  • Dividends are calculated daily and paid quarterly
Holiday Shares
  • Can be used as an extra savings account - as an escrow account to plan ahead for car insurance, property taxes, or tuition
  • Deposits and withdrawals can be made at any time
  • Dividends are calculated daily and paid quarterly

Vacation Shares

  • Can be used as a separate savings account
  • Deposits and withdrawals can be made at any time
  • Dividends are calculated daily and paid quarterly

Christmas Shares

  • A way to plan for your Christmas gift-giving
  • You can start the account at any time during the year
  • Deposits can be made for any amount, at any time
  • Dividends are calculated daily and paid quarterly
  • Checks are sent out the first week of October unless you request a hold or a transfer to another type of account
  • You are permitted 1 emergency withdrawal per year prior to the October withdrawal
  • A $2.00 fee is charged for any other withdrawals

 

email: office@ibew56fcu.org

962 West 20 Street   •   Erie, PA 16502   •   (814) 455-2270   •   (800) 723-7800   •   FAX: (814) 455-4307

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