Share Accounts


Additional Account Information

Dividends on Shares

The credit union uses the average daily balance method of computing dividends, which applies a periodic rate to the average daily balance for the period. The average daily balance is calculated by adding the full amount of principal in the account each day of the period, and then dividing that figure by the number of days in the period.

Dividends will be earned from the date of deposit to the date of withdrawal and will be paid and compounded quarterly. For example, the beginning date of the first dividend period of the calendar year is January 1, and ends March 31. All other dividend periods follow this pattern except for term share accounts. The dividend is posted the last day of each quarter.

Rates on savings accounts can be found in the monthly Maxims newsletter which is included with your statement, or right here on our website.

NCUA Share Insurance

Accounts are insured up to at least $250,000 by the National Credit Union Administration, an agency of the federal government. Full details on insurance coverage on multiple accounts are available upon request. You can also access the Share Insurance Calculator provided by the NCUA.

Share Deposits

Share deposits can be made at our office or by mail. Payroll deductions are provided for Bridgestone/Firestone employees. Also, we can receive direct deposits from other companies and government agencies. Contact our office for more information about payroll or direct deposits.