How to Join
Credit Union MembershipCredit Unions have a customer base made up of members. Members actually own the credit union by purchasing “shares” of the “equity” in the credit union. To be a member of EPB Employees Credit Union, an individual must own at least six shares (with a par value of $5 each). To monitor a member’s ownership, a primary share account is opened and share ownership is measured by the funds that are on deposit. A minimum initial deposit of $30 (6 shares at $5 each) and a one dollar processing fee are required for membership/ownership.
Once you become a member of EPB Employees Credit Union, you will always be a member as long as the Credit Union experiences no financial losses from your activity, and as long as you maintain the minimum balance ($30) in your primary share account.
Accounts for MinorsAn individual must have his/her own tax identification number before membership is allowed. The individual must be in compliance with all USA Patriot Act laws and Credit Union policy guidelines.
The Board of Directors hereby waives the $1 enrollment fee if the individual is a qualifying infant no older than six months of age. Further, the Board authorizes at Credit Union expense, the purchase of the first six shares of subscription (a $30 deposit) for the infant if the infant is no older than six months of age. A parent, grandparent or legal guardian must agree to be responsible for the minor's account(s).
A grandparent may establish a new membership for a minor grandchild. The grandparent can be a joint owner and can agree to be responsible for the minor’s account(s). However, the establishment of such an account cannot infringe upon the parental rights of the parent(s) to withdraw funds or to close a minor child's account at any time. All shares in that grandchild's account(s) will be considered owned by that grandchild.
Minors must have at least one parent or grandparent or legal guardian to sign as joint owner and to agree to be responsible for the minor’s account(s). If at all possible, the minor should sign the membership card also. At age 16 years or older, minors will be allowed to purchase additional or to redeem all shares (deposit or withdraw funds) without joint owner acknowledgement. Minors can have share draft accounts beginning at age 16 provided the parent, grandparent or legal guardian agrees to be responsible for the minor's share draft account until the minor attains 18 years of age.
An individual must be at least 18 years of age to join the Credit Union without a joint owner.