A Share Account is simply a savings account. With a regular share account, you establish membership at Brewer Federal Credit Union. We provide you with an easy way to save while providing you with competitive dividends. What does it take to open a share account?
- $5.00 Membership Fee
- $5.00 minimum amount to open the account
- No monthly service fees
- Earn competitive dividends on balances $25.00 and over
- Payroll deduction is available for easy, automatic savings
To see our Regular Share Accounts Rates, click here.
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ABANDONED OR UNCLAIMED PROPERTY
Below you will find some information about Abandoned or Unclaimed Property. For more detailed information check out the State of Maine's UNCLAIMED PROPERTY DIVISION's website.
Each year all member accounts that have not had any transactions for 36 months or more are reviewed. We attempt to notify members and advise them if they don't perform any transactions by October 15th, their funds will be turned over to the State of Maine's Unclaimed Property Division. If you have received a letter from us and have not taken any action please do so by 10/15/09.
What is Unclaimed Property?
Unclaimed Property consists of money and other personal assets that are considered lost or abandoned when an owner cannot be located after a specified period of time. For credit unions, the period is 36 months. It includes deposit accounts such as savings, checking, certificates, etc.
How Property Becomes Abandoned or Unclaimed
You may have unclaimed accounts as a result of some of the following:
If you moved and did not update your address with the credit union
If you overpaid a credit card bill but did not use the credit.
If you experienced an address change assigned to you due to E911, but you did not move
If you received a check you did not cash
How to Prevent Property from Becoming Abandoned or Unclaimed
Keep a record of all accounts
Prepare a check list of all accounts to be notified when you change your address.
Cash all checks promptly upon receipt, no matter how small.