
In credit union language, what one would normally term a “Savings Account” we call a “Share Account”. When you open a Share Account at Water & Light Credit Union, you are buying your share of equal ownership into the credit union.
With a WLCU Share Account, you earn dividends (interest) based on the amount of funds on deposit. A $25 deposit is required for membership while a minimum balance of $200 is required to earn a dividend. Dividends are paid quarterly. See our RATE CARD for current rates and tiered deposit levels.
What’s great about saving at WLCU is, because you are an equal owner, you earn a better dividend rate when compared to other financial institution |