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Great Reasons to Join ERICKSON CREDIT UNION If you're thinking of joining the credit union - Great! It is really easy. To become a member of ERICKSON CREDIT UNION, each individual acquires two $5 common shares. Members are debited $2.50 per month to acquire additional common shares, to a maximum of $200. These common shares represent members' ownership of the credit union, and each holder of at least one common share is entitled to one vote at any and all membership meetings. Dividends can be declared annually on these common shares. History of Dividends Paid on Common Shares
ERICKSON CREDIT UNION is an open-bond credit union, which means anyone can join. As a financial institution that is owned and operated by the people that use its services, the credit union is a community-based organization. Our members - the people who use the credit union and its many services - are the owners of the credit union. Members sit on the Board of Directors, and all members are eligible to run for a seat on the Board. Credit Unions are not-for-profit, meaning that whatever profits are made are returned to members in the form of patronage refunds, share dividends or cash. The more business you conduct at ERICKSON CREDIT UNION the larger your reward. Since 1994 we have returned $1,208,798 to members in the form of patronage refunds. Shares a history of over 50 years in our community. 100% Deposit Protection.. There is no limit to our deposit insurance, unlike other financial institutions. Deposits are all guaranteed by the Credit Union Deposit Guarantee Corporation Decisions and profits are made right here in our community. Money made here stays here adding to our local economy and working for our members. |
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