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eStatements
An electronic version of a bank or credit union statement, which is a summary of an individual's account activity and current balance.
More Details
An eStatement, also known as an electronic statement, is a digital version of a paper statement that is typically provided by a bank or other financial institution. It is an electronic version of a paper document that includes information about your account activity, such as deposits, withdrawals, and balances.
Example
You became a member of MCU and opened a basic savings account. Shortly thereafter, you began receiving eStatements showing a summary of your transactions and account activities.
Related Terms
Debt-to-Income Ratio (DTI)
A measure of how much of an individual's monthly income is consumed by debt payments.
Share Account
A savings account that represents ownership of a specific amount of money deposited with the credit union and establishes membership in the credit union.
Payroll Deduction
The deductions made by an employer from an employee's paycheck prior to direct deposit, usually to pay for elected benefits.

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