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Auto Lease Glossary

 

 

Savings and Checking Accounts

Savings (Share Savings)

To become a Division 726 Federal Credit Union member, you must open a Share Savings Account with a minimum of one share. That buys you one share of ownership in the Credit Union, giving you full voting rights and enabling you to take advantage of all the Credit Union has to offer.

Your total shares are federally insured by the National Credit Union Administration (NCUA), a U.S. government agency, for up to $100,000. If you ever decide to leave the Credit Union, your shares are completely refundable.

To retain membership in the credit union, you are required to maintain this account with a minimum $50 balance.

 

Checking (Share Draft Account)

Stop paying high fees at traditional banks.  Open a checking account with Division 726 Federal Credit Union and begin enjoying the following.

bullet No Monthly Fee
bullet No Minimum Balance
bullet Direct Deposit
bullet Direct Debit
bullet Overdraft Protection at a competitive interest rate
bullet A Debit Card providing 24-hour, nationwide access to your money

You must have a savings account and deposit $25 to open a Share Draft account. For more information speak to a Credit Union representative during business hours at 718-356-1616.

 

 

 

Home Loan Programs Saving and Checking Auto Option Program Personal Investing The Cards About Auto Leasing Savings Clubs Other Services Auto Warranty Contract Quality Used Cars Auto Manufacturers Auto Lease Glossary

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Copyright © 2004 Division 726 Federal Credit Union
Last modified: 01/24/07