It is important not allow your credit union account to go dormant.
Keeping you account active is as simple as making a single deposit or withdrawal of any amount at least once every 11 months. That is all there is too it! By following this very simple practice you avoid your account going dormant and incurring quarterly dormancy fees.
In addition, if an account is dormant for 3 years we are required, by state law to remit the funds in that account to the state as abandoned property. So if you have a savings account with E&G, or any other institution, following this one simple rule and it will save you both time and money.