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In this tutorial, Chris Peach from One Easy Credit Union explains credit union share certificates, which are savings accounts offering fixed dividend or interest rates in exchange for a commitment to keep money deposited for a specified period, typically from three months to five years. This commitment allows for higher dividend rates compared to traditional savings accounts. While similar to certificates of deposit (CDs), the key difference lies in the institution that offers them. Share certificates provide a secure way to save money while earning better returns with minimal risk.