Q |
What is the minimum dollar amount required to join?
|
| A |
Each member is required to maintain a $25.00 balance in a share savings account. There is a one time $5.00 membership fee. There is a monthly fee $5.00 on accounts with an aggregate balance of less than $100.00. |
Q |
Who runs the credit union? |
A |
All policies are made by a volunteer Board of Directors elected by the membership. The Board is responsible for hiring a Manager to oversee the daily operations of the credit union.
The Supervisory Committee, also comprised of volunteers, is responsible overseeing the work of internal and external auditors. The Committee is responsible for ensuring that members' assets are adequately safeguarded, accurate records are maintained, and proper business practices are followed. |
Q |
I have had credit problems in the past. Is a loan out of the questions for me? |
A |
Not necessarily. Counseling is available from the lending staff to help you repair your credit history. |
Q |
If I leave the District, can I maintain my membership in the credit union? |
A |
YES! |
Q |
How long will I have to work at EBMUD to become a member of UDCU? |
A |
Employees are eligible for membership in the credit union immediately upon hire. |
