Share Accounts

Regular Share – 000
Become a member by opening a regular share account!  With a minimum deposit of $5.00, you will become an owner of one share of Grand Trunk (BC) Employees Federal Credit Union!!  A regular share account is required for membership and will allow you to take advantage of other credit union products and services.

Requires a minimum balance of $100.00 to earn dividends.

Money Market – 001
Open a secondary savings account that can earn higher dividends.  Your savings will be risk-free and earn higher dividends than a regular share account.  Transactions are limited to six withdrawals or transfers per month.  Due to regulations, accounts exceeding these limits will be subject to closure by the credit union.

Requires a minimum balance of $2,500.00 to open.  This balance must be kept to receive the dividend rate.  If the balance falls below $2,500.00, dividends will be calculated and credited at our regular share dividend rate.  Dividends will be compounded and credited to your account every month.

Share Draft – 003
Make paying your bills and balancing finances easier by opening a share draft (checking) account.  Take advantage of using check writing, automatic clearing house (ACH) and online bill pay to make bill paying more convenient for you.  A debit card can make purchases such as gas, groceries and shopping faster and easier.

Share draft and ATM/debit card applications are subject to review and approval.

Dividends can be earned on share draft accounts if a minimum balance of $250.00 is maintained.

Club Accounts

Vacation Club – 008
Need a vacation?  Our vacation club account allows you to put aside money for a trip to the tropics or a family vacation to Disney!  Lessen the financial stress of vacation by saving year-round.  Unlimited deposits can be made anytime throughout the year.

Christmas Club – 009
Let a Christmas club account take away some holiday stress!  Make deposits anytime throughout the year for holiday expenses.  When the holidays roll around, you will be farther ahead financially!

Both club accounts require a minimum balance of $100.00 to earn dividends.  No penalty on withdrawals.

Applies to all share and club accounts unless stated otherwise.  Dividend rates and annual percentage yield may change at any time as determined by the credit union’s Board of Directors.  Dividends will be compounded and credited to your account every quarter unless stated otherwise.  Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.  Non-cash deposits will begin to accrue dividends on the business day of the deposit into your account. If the account is closed before the dividends are paid, the account will not be credited the accrued dividends. Payroll deductions, automatic transfers and direct deposit can be set up for any account.