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Additional Images | |
Text on Button | Use'em every day! Share Drafts |
Image Description | Red button with black text and black image of an open checkbook. |
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Additional Information | A share draft account is similar to a checking account at a for-profit bank, but operated by credit unions. Profit generated by a credit union is distributed among its members, representing a “share.” This represents the member’s portion of ownership in the credit union. At a for-profit bank, private investors collect the profits. |
Sources |
Share Draft Accounts. (n.d.). Bankrate. Retrieved April 3, 2024 from https://www.bankrate.com/banking/checking/share-draft-account/ |
Catalog ID | IB0856 |