Individual
Accounts:
Only the member is permitted to make transactions on the
account.
Joint Accounts:
In this type of account, two persons are
involved; the principal owner and the joint owner. Both the member and
the joint owner may make deposits, withdrawals, and have full access to the account.
Custodians
Accounts:
Under the Uniform Transfers to Minors Act, the custodian has complete
control of the money until the minor reaches the age of majority. To open this type of account, you
must have the Social Security number for the minor, since the owner of the
account will be the minor.
