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Member Accounts

Share Savings Account

The Share Savings account is apart of every member's ownership in the FRB Federal Credit Union. A member's ownership' share is maintained in this account. The par value of one share is $25.00. It is a mandatory account for membership and member services.

The number assigned becomes your member number and all other accounts are sub accounts of this Share Savings Account.

Members often identify the account as the "Prime" or "Regular" Share Account. It is designed to function as a short term savings vehicle. Prospective dividends are specified at the beginning of each month. Your Board of Directors declares the dividends at the end of each month for deposit to your share account. Please refer to the section on dividends starting at 'Rate Information" for more information.

The Share Savings Account also serves as overdraft protection for the Share Draft Checking Account. If there are sufficient funds available in your Share Savings Account, it provides the sole automatic linked share account from which transfers will be made to cover transactions from your Share Draft Checking Account/ Please refer to our Fee Schedule for applicable fees.

As long as you maintain a $25 minimum share balance, the account is always free. There is a monthly fee, if this share account falls below the $25.00. (Fee Schedule)

Additional Share Savings Accounts

Members have the option to request additional share savings accounts.  These accounts may not earn dividends at the same rate as the ‘Prime’/Regular’ Share Savings Account or the ‘Special Share Savings Account “05”. 

Special Services

  • Wire transfer services
  • EFT (ACH) services
  • Net Teller - Free online account Access
  • Audio Teller - Free automated phone access (202)872-9040 or (800)628-2358
  • Notary Public - Notaries are located at our 1801 K office in D.C. and our St. Louis office, to make an appointment, call (202)736-5581 for D.C., or (314)444-8904 for St. Louis, Free service (members only)
  • E-Statements

Share (savings) rates
Effective November 1, 2020

Prospective Rates & Terms Regular (Prime Shares) Special Share Savings Special Share Savings Holiday Club Shares Vacation Club Shares IRA Shares
Prospective dividend rate 0.10% 0.50% 0.60% 0.10% 0.10% 0.50%
Annual percentage yield (APY) 0.10% 0.50% 0.60% 0.10% 0.10% 0.50%
Dividend compounded Daily
Dividend period Monthly
Minimum opening deposit $25 up to $49,999.99 $50,000 & Over Maintenance of membership share
Minimum balance to avoid fees $25 None None None None None
Balance method Daily
Account limitations Transfer limitations apply


Member Share Accounts

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