Where it all begins.
When you join Heritage Grove, you'll open an Ownership Share account that serves as the backbone for everything else you do with us. It's called an Ownership Share account because once you're a member with us you’re also an equal owner of the credit union.
It only takes a $5 deposit to get the account started and you'll start earning dividends on monthly average balances over $100. For average daily balances under $100 there is a $5 monthly service fee. To have that fee waived, simply add a Heritage Grove checking account, money market account, certificate accounts, or take out a loan with us.
If you're trying to save for a variety of things at the same time, you can add as many savings sub accounts as you like. For example, if you are getting married in the near future you may have a “wedding account” and a "honeymoon account." If you are planning on buying a house you may open a "home down payment account." It's completely up to you. To avoid a monthly service charge you will want to make sure the total of all your savings accounts equals at least $100, or add one of the additional accounts listed above.
Saving is easy when you make it a habit. If you need some ideas on how to stand tall and "pay yourself first" to build up your savings with regular deposits, just give us a call or stop by the branch. It's so easy you can even open an account or add a secondary account online.
Savings (Share) Insurance
The National Credit Union Administration's (NCUA) insures member deposits. The NCUA's Share Insurance Estimator lets you know how its share insurance rules apply to your share account(s)—what's insured and what portion (if any) exceeds coverage limits. The Share Insurance Estimator makes it easy for you to calculate share insurance coverage and receive immediate answers to questions about share insurance.