Ownership, not just an account
Unlike a bank customer, every MCCU member is an owner. Permanent Shares are how that ownership is held, and how you share in what the credit union earns.
Required for membership
Permanent Shares are required to become and remain a member of the credit union.
Minimum share value
The minimum value of a Permanent Share is $2,000.00, and it can be increased to as much as $5,000.00.
Long-term capital
They provide a stable source of long-term funds, or capital, for the credit union.
Earn dividends
Dividends are paid subject to profitability. Conditions apply.
Permanent Shares can only be withdrawn upon the closure of your account, in keeping with international accounting standards for credit unions. The terms and conditions of the products are subject to change from time to time; please confirm the current terms and conditions with a Member Service Representative.
Open your account in three steps
Become a member
Open your membership with a valid ID, your TRN and proof of address at any MCCU branch.
Open the account
Ask a Member Service Representative to set up this account and make your opening deposit.
Save & grow
Add to it on your own schedule, at the branch, by standing order or through online banking.
Other Saving Options
View all savings →Voluntary Share Account
Flexible everyday savings you can add to and withdraw as you need.
Learn more →Fixed Deposit
Lock away a lump sum for a fixed term and earn a guaranteed higher return.
Learn more →Treasure Chest Youth Savings
Start the children saving early and build strong money habits.
Learn more →Own a piece of your credit union
Become a member and start saving with the credit union that puts you first.
