
It’s important to start saving for things you might want or need. Having a savings account is a smart way to save – it’s secure and accessible while also earning more money for you. Establishing a Share Savings account at a credit union is what officially makes you a member. Since credit unions are owned by their members, depositing money is like purchasing “shares” of the organization, which is why we call it “Share Savings.”
At JHFCU, we require a minimum of $25, equal to one “share”, to open a savings account. Other than that, the account works much like a passbook savings account at a bank.