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Regular Share (Savings)Return to Share ProductsRegular savings in the Credit Union are called "shares". Waterbury Telephone FCU is a legal cooperative, and you, as a member, are the owner. As a "share owner", you elect the Directors and Committee members that you want to run your Credit Union. Your share account is just like a savings account. It is an interest bearing account that is federally insured for up to $100,000 by the National Credit Union Share Insurance Fund, the strongest US Government-backed insurance fund in the nation. Dividends are calculated from the day of deposit to the day of withdrawal. Rates are determined by the Board of Directors and are subject to change. Unlimited deposits and withdrawals are allowed. |
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