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primary share Opening a savings account at Cumorah Credit Union not only opens the door to all the services members enjoy, but also makes you an owner of your financial institution. Unlike banks, credit unions are owned and run by their members, who select a Board of Directors to set policies and hire staff to handle the business and operations of the credit union on behalf of the members. There are no outside stockholders--all net earnings after expenses and reserve transfers are paid to our members in dividends and interest. This explains the use of "Share Savings" and "Share Draft," credit union terms for savings and checking accounts, which connote partnership rather than mere participation. Credit Union membership allows its members to place money in an account earning competitive dividends which are paid monthly, provided the member maintains the $100 minimum share deposit in their share savings account. For a listing of
our current rates go to our Rates
Page or click
here To request
information about primary
share accounts click here
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