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, which qualifies you for a lifetime membership at Veridian. Interest is computed daily and dividends are posted monthly when a balance of $50 is maintained.
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