Share/Savings Account: This is your regular savings account. Your money will earn dividends, and you can put your money into and take your money out of the share/savings account whenever you want.

Your balance is the amount of money in your account. When you have a share/savings account you will receive a statement that shows the activity and the balance of your account.

You need to have a Social Security Number to open a share/savings account. You must also be eligible for membership with First Community Credit Union. See this to find out who can become a member.

Here is an example of how a account helps you save money.

Johnny A. Member has deposited $5.00 into his share account every month for the last 12 months.

1. How much money has Johnny saved?
2. Since the dividend rate is 2.5%, add $1.50 to account.*
3. If Johnny uses $5 to buy a gift for Father's Day, how much money does he have left?

*Johnny's dividends are calculated: .05 X (answer to question 1) = $1.50

Answer Page