Share Account (Savings)

My 1^st Credit Union Account:

In order to be considered a member of St. Jules Credit Union, you must open a Share (savings) Account.   Opening a Share Account and maintaining a balance of at least $5.00 will allow you to have access to all credit union services and discount offerings at St. Jules Credit Union. 

We encourage you to SAVE for your Goals (Down Payment on a House or Car, and etc.), for the Unexpected (Loss of a Job, Medical, and etc.), and for your Future (Children, Education, Retirement, and etc.).  

NCUA Insurance:

Member Shares (savings) are federally insured to at least $100,000.00 and backed by the full faith and credit of the United States Government. 

Rate and Fees:

Please refer to Share Rates to review the dividend rates & to Fee Schedule to review the fees associated with this account.

Other Terms & Conditions:

*Truth-In-Savings Disclosures are available per request at any time, and are also provided when opening your account with St. Jules Credit Union.

Rate Information:  The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.  For all accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by St. Jules Credit Union’s Board of Directors.  The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the credit union anticipates paying for the applicable dividend period. 

Nature of Dividends:  Dividends are paid from current income and available earnings following mandated transfers to reserves at the end of the dividend period.

Dividend Compounding and Crediting:  The compounding of dividends for Share Accounts (savings), occurs quarterly.  The Dividend Period is the period of time at the end of which an account earns dividend credit.  The dividend period for Share Accounts (savings) begins on the first calendar day of each quarter and ends on the last calendar day of the quarter.  Account statements are then printed and mailed following these quarter ending dividend posting months. 

Accrual of Dividends:  For Share Accounts (savings), dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.  For all accounts, if you close your account before accrued dividends are credited; accrued dividends will not be paid. 

Balance Information:  Share Accounts (savings) require a minimum opening deposit of $5.00.  For all accounts there is a minimum average daily balance required to obtain the stated Annual Percentage Yield for the dividend period.  The minimum average daily balance required to obtain the stated Annual Percentage Yield is $25.00 for Share Accounts (savings).   For all accounts using an Average Daily Balance method, dividends are calculated by applying a periodic rate to the average daily balance in the account for the period.  The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

Non-Transferable & Non-negotiable:  Accounts are non-transferable and non-negotiable; the funds in the account may not be pledged as a security obligation except obligations with St. Jules Credit Union.

To Help Our Members Fulfill Their Financial Needs
		1600 N Bertrand Drive Lafayette, LA 70506 (337)261-1151 Fax: (337) 261-1397		Your savings federally insured to at least 100,000 and backed by the full faith and credit of the United States Government