Share (Savings) Account

Share (Savings) Accounts are the Foundation of Your LES People’s FCU Membership

They are called Share Accounts, as opposed to simply Savings Accounts, to signify each member’s ownership of the credit union. The Share Account is a required account to open other accounts such as Checking, CDs, Loans, etc.  The Share Account is secured through the National Credit Union Association (NCUA).

Requirements

1) Submit at least one valid government-issued photo identification, such as:

  • Driver’s license

  • Passport

  • Municipal ID (IDNYC)

  • Consular identification card

2) Submit one proof of your home address, such as:

  • Current telephone, utility, or cable bill

  • Current lease or rent receipt (lease/rent receipt cannot be dated past 30 days)

  • Current clinic card showing the address

  • Current Human Resources letter from public assistance

3) A minimum deposit of $75.00 is suggested to avoid a $3.00 monthly maintenance fee. The account must never be below $25.00 which is the minimum to have a share in the credit union.

4) An annual account service fee of $5.00 will be charged every July 31st

5) Submit proof of eligibility, i.e. if you are joining through a Select Partner Group, please bring proof that you are affiliated with that organization, such as a pay stub if you are an employee, a letter from the organization on official letterhead stating your affiliation (board member, volunteer, member, etc.), or a referral form from the Select Partner Group.

Interested in an account but you are not 18 yet?
Check out our Interest (Dividends) Schedule

Contact one of our Member Service Representatives if you have additional questions at (212) 529-8197, or (718) 554-4544 or by emailing lespfcu@lespfcu.org.