Share accounts require an initial deposit of $50.00 and a maintained deposit of $100.00. Deposits can be made in any amount through deduction or over-the-counter transactions.<\/p>\n\n\n\n
All share accounts are insured up to $250,000.00 by the National Credit Union Administration. Share accounts represent a systematic way to save a percentage of your earnings. Dividends are earned and paid quarterly.<\/p>\n\n\n\n
West Penn P&P Federal Credit Union usually pays higher rates than other institutions because members are the \u201cowners\u201d and all profits go to them rather than stockholders.<\/p>\n\n\n\n
Share Account Rates<\/a><\/p>\n\n\n\n See Truth-In-Savings Disclosure for the Regular Share Account.<\/a><\/p>\n\n\n\n A share draft is a credit union check. The account pays interest on amounts over $100<\/p>\n\n\n\n No monthly service charge<\/p>\n\n\n\n Monthly statements<\/p>\n\n\n\n An added convenience, PAYROLL DEDUCTIONShare Draft Account (Checking)<\/h2>\n\n\n\n
An easy way to pay your bills is simply writing a check.
With a share draft account your money is safe. Deposits can be credited to your share draft through payroll deduction, by mail or at the office. Better than traditional checking accounts because:<\/p>\n\n\n\n
eliminates long lines and assures you that your funds
will be automatically credited to your account.<\/p>\n\n\n\n