Share Savings Accounts

Accounts

Share Savings Account

Earn dividends daily on every dollar deposited. The SUAFCU Share Account is a dividend-bearing passbook savings account. Deposit earn dividends each day they are kept on the account. Each member must maintain a Share Account with a minimum $5.00 balance (the basic member share).

All Regular Share Accounts at the Credit Union carry life insurance of up to $2,000 at no cost to our members.

For further information click here for the Truth-in-Savings Disclosure.

Important account information

Your Share Account, designed for maximum accessibility, has certain withdrawal & transfer limits. Federal regulations classify transactions from your Share Account into two categories:

  • unregulated
  • regulated

Unregulated Share Account transactions:

There are no monthly limits on the number of the following transactions:

  • any in-person share transactions
  • any by-mail share transactions
  • any Night-drop share transactions
  • automatic transfers from your Share Account to repay your loan

Regulated Share Account transactions:

  • Overdraft transfers from your Share Account
  • Telephone or fax transfer requests from your Share Account
  • Web transactions online
  • Auto transfers
  • ACH (electronic funds transfers you authorize) from your Share Account

After your limit of six of the above transactions is reached, additional regulated transactions may be rejected or a fee assessed as per our fee schedule.