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Ordinary Shares

ORDINARY SHARES

As a member of the Credit Union, your Ordinary Shares Account is the main account which requires you to have a minimum share amount of $250.

FEATURES

  • Interest is paid on monthly balances. Annual dividend payment is also credited to this account.
  • Allows the member to borrow at more attractive rates of interest:
    • Through the use of Share Equity, members can qualify for lower interest rates on Ordinary Loans.
    • The Shares Loan which is secured by this account has a lower than average interest rate.
  • Insurance benefit will be paid to beneficiaries on death of the member.*

*Conditions apply

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