Membership share means a share of a domestic credit union equal in amount to the par value of the credit union's shares that is credited to an account of a member by the credit union, is required as a condition of membership in the credit union, and is subject to any withdrawal restriction or other standards established by the domestic credit union for membership shares.
Membership share means an initial share that a credit
Membership share means a share of the credit union, the subscription to which shall be a prerequisite for membership in the credit union.
Examples of Membership share in a sentence
Compounding and crediting: : Dividends for Membership share savings, IRA savings, and Club accounts accrue daily, compound quarterly and are credited quarterly.
Membership share balances can be withdrawn only upon termination of membership and approval of the directors.
Compounding and crediting: Dividends for Membership share savings, IRA savings, and Club accounts accrue daily, compound quarterly and are credited quarterly.
Membership share terms may be controlled by a separate Perpetual Contributed Capital Agreement.
When the member reaches age 25, the account will automatically convert to a Membership share account.
More Definitions of Membership share
Membership share means a share issued to a member of a co-operative as a requirement for membership of a co-operative;
Membership share means a balance held by a credit union and
Membership share means a share equal to the stated par value of the Connecticut credit union which may not be withdrawn or transferred except upon termination of membership and which confers membership and voting rights on the member;
Membership share means a designated share account of a credit union consisting of the balance held by the credit union and established by a credit union member in accordance with the standards specified by the credit union.
Membership share means an initial share ((required