Howard University Employees Federal Credit Union

Regular Share Savings Account

Member savings are called Share accounts. The minimum deposit is $50‚ which is equal to one share. There is a $5.00 one time processing fee. All members must establish a share account when they join. These accounts earn dividends using the Average Daily Balance method. Dividends are paid on the first day of each quarter (January‚ April‚ July and October) and are compounded quarterly. Dividends are not guaranteed and are based on the income and expenses of the credit union on the last day of each quarter.

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