Share Accounts. The Share Account is a Savings Account and is subject to the same restrictions that apply to all Savings Accounts. Your Share Account is the Account that must remain open for continued membership. Any minimum- balance requirement is set forth in the Consumer Account Disclosure. Restrictions, rates, and fees are set forth in the Consumer Account Disclosure.
Share Accounts. After you have established your Prime Share Savings Account, you may make additional deposits into that account, or establish additional share accounts and other types of accounts as described below, at any time and in any amount. We may establish minimum amounts for deposits in your Share Accounts or other accounts. Your Prime Share Savings Account and your other Share accounts will be referred to singularly in this Agreement as “Share Account” and collectively as “Share Accounts,” as applicable. Additional Share Accounts can be established by completing an Application to Add Account.
Share Accounts. Partners Federal Credit Union’s share accounts let you deposit your money in a savings account and withdraw your money at any time. Our share accounts are Primary Savings, Traditional Christmas Club, Special Savings, and XXX savings. RATE INFORMATION: The initial dividend rate and annual percentage yield (“APY”) is stated on the Rate Sheet accompanying this Disclosure. Unless otherwise indicated, all share accounts are variable rate accounts. The rate is a single tier rate and APY unless exceptions are indicated. The Rate and APY may change at any time in the Credit Union’s discretion. DIVIDEND COMPOUNDING AND CREDITING: Dividends will be compounded monthly and will be credited monthly. The dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the third Wednesday of every month. If you close your account before dividends are credited, you will not receive accrued dividends.
Share Accounts. DIVIDENDS: As of the last dividend declaration date, if your average daily balance was: SERVICE CHARGES AND FEES:
Share Accounts. This Account is established when application for membership is accepted. The purchase of one share is required to open this account. Voting privileges are extended to the Primary Account Holder of this type of account, and Joint Account Owners of this type of account are not necessarily eligible to vote. Please refer to the Dividend Rate and Fee Schedule to determine applicable fees and minimum balance requirements for these accounts.
Share Accounts. 32 8.3 Confirmation of Share Transactions.........................33 8.4 Notice of Distribution and Reinvestment....................33
Share Accounts. An IRA is subject to the applicable terms and conditions set forth in this Agreement as well as the terms and conditions set forth in the Credit Union IRA Custodial Agreement and IRA Disclosure Statement, which by this reference is incorporated into this Agreement in its entirety. When you open your IRA Share Account, the Individual Retirement Account Agreement and Disclosure Statement will be provided to you in accordance with applicable law.
Share Accounts. An IRA is subject to the applicable terms and conditions set forth in this agreement as well as the terms and conditions set forth in the Ascensus application and related disclosures which by this reference are incorporated into this agreement in its entirety. When you open your IRA share account, the Ascensus and related disclosures will be provided to you in accordance with applicable law. Minimum balance requirements for IRA accounts are subject to change. Please refer to our website for further information. You may not pledge any of the funds on deposit in the account as security for any loan(s). Certain federal and state penalties may apply to amounts withdrawn from IRAs. These are set forth in applicable federal and state laws and regulations, which are incorporated by this reference. Funds in an IRA will escheat to the state if you have not done any of the following for a period of more than three (3) years after the funds become payable or distributable:
Share Accounts. At the Credit Union your savings are called “shares.” The par retain Credit Union membership. Every member must maintain a The money you deposit in your Credit Union savings account is used to make loans to fellow members and is invested by the Credit Union. From the earnings of these loans and investments, the Credit Union must pay operational expenses and set aside a required amount for reserves. It is from the remaining money that your dividends are paid. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividend rates at the Credit Union are variable and vary according Directors. Dividends are not paid on accounts closed prior to dividend payment. Certain fees may apply; see current Schedule of Fees. account information. Statutory Lien Federal law grants us the right to impress a lien on all funds in any account that you have at the Credit Union if you are in default further notice to you. This lien applies to all accounts, except as prohibited by law, that you have with the Credit Union, including accounts which you hold jointly with another person.
Share Accounts. For each holder of Shares of any Portfolio, the Custodian shall maintain one or more Share accounts as requested by such holder of Shares, provided the Fund gives the Custodian the name and address of the holder of Shares, showing the following information for each such account:
1) name and address;
2) number of Shares held; and
3) historical information, from the effective date of this Contract forward, including dividends paid and date and price of all Share transactions.
