The PSECU advantageCredit unions are different from banks, because they are not-for-profit and member-owned. As a member, you own part of the credit union.
We call our checking and savings accounts “shares.” With us, you get your share.
How your shares workA share is a basic account that establishes you as a member of PSECU. Our share accounts operate similarly to a conventional bank savings or checking account, except your initial $5 Regular Savings Share deposit essentially gives you a share of ownership in our credit union.
You can put aside and access money the same way you would with a conventional bank savings or checking account. Add or take out funds at any time, while remaining confident that your money is held in a secure, stable place.
When a new member joins, he or she makes an initial account opening deposit into a Regular Savings Share, which must always have a minimum balance of $5.