Savings in the credit union are called shares. As a member of Precision Federal Credit Union, you are also an owner in the credit union.
From these shares, loans are made to members at reasonable rates and invested by the PFCU. After operating expenses and reserves are transferred, earnings are returned to the members in the form of dividends on your shares.
That’s one reason why we are able to better serve our members with superior rates and services. We are owned by our members rather than a corporate entity.
Regular savings – open with $5 – this is a share of the credit union and must remain in place to retain your membership
Tiered interest earned (depending on the balance)