Every month, your Credit Union will send you a statement in the mail, which is a list of all of the deposits, withdrawals and transfers that have taken place over that month on your account, whether they are savings or loans accounts. Statements also show you your balance after each of these transactions have occurred. Your statement will also show you the time and date these transactions occurred, so you can easily watch your spending patterns. Also, your statement shows you the interest you have earned over that month, as well as any fees incurred.