Share Draft

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Share Draft

A withdrawal from a share account, which is an account at credit union. While share accounts are structured differently from accounts at ordinary banks, share drafts behave the same as any other withdrawal.
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During its first year, the credit union plans to offer regular shares, share drafts, short-term unsecured loans, share-secured loans, used car loans, money orders, cashier checks and wire transfers, the NCUA said.
"He would write and share drafts with me when we were in school together.
What if students built networks of related facts, dates, statistics, ideas--even events and movements--using the technology of Wikis to share drafts, argue and counter argue, and eventually synthesize their analysis into a coherent view of the subject matter, one that would cross disciplines and involve students (and instructors) with diverse interests and abilities?
* Sharing and responding to writing: Throughout the semester, students had the opportunity to share drafts with their teacher and peers and receive feedback.
Products offered by CSSI's chosen providers include: office supplies, imaging equipment, promotional products, rate intelligence services, money handling equipment, ATM access, security systems, membership and audio marketing programs, share drafts, member business lending, ID verification, money orders, IRKs, travelers checks, etc.
About 225 freshman English students equipped with laptops, battery power and wireless adapter cards are using the Internet in Greenlaw classrooms to conduct research for writing assignments and to share drafts. Teachers can split them up in small groups without worrying about wires.
To the consumer, share drafts are little different from checks in the way they are used.
Internally, Taylor sees a need for a new instrument allowing share drafts or direct participation in bank loans and increased securitization to permitting banks to compete more effectively with the yields paid on mutual funds.
Share drafts rose 6.7% to reach $166 billion on March 31.
Savings balances rose by 2.1% in February, led by share drafts at 5%, regular shares at 3.3% and money market accounts at 0.8%.
As overall deposits rose, growth in share drafts was especially strong, increasing by 14.5% for the year.
Additionally, the report revealed core deposits (regular shares, share drafts and money market shares) continued to be the primary drivers of growth in credit union share portfolios.