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SAVINGS / INVESTMENTS

BANK

Share Benefits

What are credit union shares?

A Credit Union share account is like a regular savings account, but there are differences. It’s called a share account because you are actually purchasing shares and becoming an owner when you deposit your money into a membership share account.

Share Information

At Blue Coast Federal Credit Union, one share is worth $5.00. To maintain membership privileges, each member must own one share; that is, keep at least $5.00 on deposit. 
A share account earns dividends. Dividends are computed using the average daily balance method and are compounded and paid monthly.

Certificate Information

Blue Coast Federal Credit Union offers many options when it comes to certificate of deposits.  We have a term and rate that is most likely going to fit your financial needs.  Most certificates are also available as IRA certificates.   We will be happy to assist you when you are ready to move forward with a certificate of deposit purchase.

What is the Difference Between APY and APR Anyway?

The annual percentage yield (APY**) is the interest rate earned on an investment in one year, including compounding interest. A comparison of APYs** at different financial institutions will allow you to compare the interest rate earned over one year, including the compounding effect of that interest.
Annual percentage rate (APR*) refers to the yearly interest generated by a sum that’s charged to borrowers or paid to investors.  APR* doesn’t take compounding interest into effect.

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