At Superior Credit Union, every member maintains $5 in his or her Share Savings Account at all times. These shares (among the others that a person invests in the credit union) are lent back out to other members who are in need of borrowing.
In your credit union, members pool their funds to help one another in a cooperative way. As a shareholder, you are entitled to borrow and utilize the services which other members help make possible for you.
• Minimum $5.00 initial deposit
• A maximum of up to 6 transfers per month on the account
• Dividends are paid quarterly and are calculated on an average daily balance. A member must maintain a $25.00 minimum average day to day balance in order to receive dividends.