What is a Member Equity savings account?
The Member Equity Savings account was created as a way to share Veridian’s success with our members. When the Credit Union has a prosperous year, profits are shared in the form of dividends, and deposited into the account.
The Member Equity Savings account earns a higher rate than a regular savings account at most other financial institutions. There is a $5 minimum balance and this qualifies the member for a lifetime membership at Veridian. Dividends, which are computed daily and posted monthly, are posted to the account when a balance of $50 is maintained.
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