Share Account

Share Account

An account at a credit union. A share account gives the account holder a percentage of ownership in the credit union. Because of this, share accounts earn dividends rather than interest.
References in periodicals archive ?
Dividends are based on the average daily balance of an active share account, and they are paid semiannually.
Al Harthy complimented the Ministry's role in conducting the Waqf Share account and handling various goodwill projects such as building mosques and Holy Qur'an schools, printing Holy Qur'an copies, supporting families in need and other charity matters.
The study calculated scores based on whether credit unions digitally offered services including online banking, audio response/phone-based services, ATMs, kiosks, mobile banking, member applications, new loans, account balance inquiry, share draft orders, new share accounts, loan payments, views of account history, share account transfers, bill payment, downloads of account history, electronic cash, account aggregation, electronic signature authentication/certification, e-statements, external account transfers, merchant processing services, remote deposit capture and mobile payments, as well as whether they had a website.
A share account is riskier as money is invested in stocks and shares, which can go down in value.
Staff can channel between pounds 10-250 each month from their wages into a share account.
To qualify, a former member needs to have been a first or sole-named holder of an A & L share account - or mortgage - at 31 December 1995.
Since I still have a savings share account with one, will I get a windfall if it's taken over or merges?
WHEN deposit accounts are abolished, will they automatically become share accounts, or will you have to open a share account at a much higher minimum balance?
A required 50%match for the grant came a Local Share Account (LSA) grant of up to $1 million.
Lisa and husband Dan chose a share account because they believe that over the long term it will offer a better return.
Can you tell me the difference between a deposit account and a share account with a building society.
A It depends if it's a deposit account or a share account.