Share Savings Account
Parameters
- Base account that establishes membership and represents a member’s partial ownership interest in the credit union.
- Portico Suffix — 01
- Can also be a 05, 06 or 07 club account
- Members may also have sub-share accounts (02, 03)
- $5 par share, $1 membership fee
Features
- Funds can be used as overdraft protection for the Checking Account.
- Complimentary $1,000 Trustage AD&D Insurance coverage.
- No monthly service fee — as long as the account is not dormant.
- Access to 30,000+ surcharge-free ATMs and over 5,600 Shared Branches.
Benefits
- Higher dividend rates and lower fees when compared to traditional savings accounts at a bank.
- Belonging to a financial cooperative that was founded on the philosophy of people helping people, which means their money helps fund loans and services for other members of their community, and the community members' money helps fund loans and services for them.
- Since we thrive when our members thrive, we also go above and beyond to help them cultivate financial wellness and achieve their money goals. It’s not just about offering exceptional member service (which we do). It’s also about being here for them when it matters most, listening to their needs and offering solutions when they need a helping hand.
- The Spotlight quarterly newsletter, sent to all members and also available on our website.
Cross Sell
- Talking Points — Encourage current members to share the benefits of credit union membership with their eligible friends, family and co-workers.
- Opportunity Box Code/Name: N/A
- Referrals — Assign to Member Services at applicable branch
Contact Manager
- N/A
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