Share Accounts

ARC Federal Credit Union offers many saving account options, each providing the foundation for a lifetime of financial security. All deposits are federally insured to at least $250,000 by The National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government.

For more information on the security and coverage of NCUA insurance that is held on all of your savings at ARC Federal Credit Union or to calculate your share insurance coverage, please click here.

Share (Savings) Account

A Share Account is your primary savings account with ARC. Just a $5 minimum deposit, establishes your membership and opens the door to all of the other benefits ARC can offer.

Our Switch Kit makes it easy to switch your accounts from your current financial institution to ARC Federal Credit Union.

Share Certificate

When you commit your deposit to a longer term, you’ll earn a higher yield by opening a Share Certificate. Our Share Certificates were developed to benefit more of our membership. Our various terms and low minimum deposit allow many members to take advantage of these higher interest rates.

  • Flexible Terms – 6 months to 60 months
  • Low Minimum – Only a $500 minimum is required
  • High Yields
  • Guaranteed Earnings – Principle and interest payments are guaranteed

Dividends are calculated monthly and posted on the last business day of each month.

Traditional IRA

You can retire without the financial worry when you begin saving in your ARC FCU Individual Retirement Account (IRA). Prepare for a comfortable retirement, or reach other major financial goals with the help of an IRA from ARC. If you have earned income and are under 70 ½ this year, you can open up your own Traditional IRA regardless of your participation in other retirement plans. ARC's Traditional IRA saves you today because you receive immediate tax-deferred earnings.

  • Contributions may be tax deductible. Qualified withdrawals are taxable income
  • Invest up to $5,500 or 100% of earned income, whichever is less
    • Between ages 50 and 70 ½, an additional $1,000 "catch up contribution" may be made or 100% of earned income, whichever is less
  • Earnings are tax deferred until withdrawn
  • Withdrawals before age 59 ½ are subject to a 10% IRS penalty tax and taxed as ordinary income
    • Some exceptions include: death, disability, medical expenses over 7.5% of AGI, medical insurance premiums during period of unemployment
  • Required minimum distribution at age 70 ½

How Are IRAs Insured?

Combined balances of all your ARC FCU IRA Certificates and IRA Shares are federally insured up to $250,000 by the National Credit Union Administration (NCUA). All of your IRA funds are insured separately from your other ARC shares.

For any changes to your existing IRA or to open an IRA, please contact us.

Club Accounts

These special accounts help members save for holidays, vacations, and your children.

No Harsh Deposit Requirements! You contribute what you want, when you want!

Christmas Club

Make your Christmas a little easier by contributing a little each month all year long.

  • No minimum deposit

Vacation Club

Avoid using your credit cards on vacation by opening a vacation club account

  • No minimum deposit

Kids Club - "Noah's ARC"

Open a Kid's Club today to begin saving at an early age. This account is available for children ages 0-13. The earlier you start the more you save!

  • No minimum deposit
  • Interest rate higher than regular savings
  • Prizes available as you reach higher savings balances
  • Teaches children financial responsibility at an early age

Federal Government Regulation D

Federal Regulation D impacts the number of transactions allowed on certain types of accounts. The following ARC Federal Credit Union accounts are subject to Regulation D: Christmas Club, Vacation Club, Kids Club, Special Savings, and Auxiliary Share. The regulation was implemented by the Board of Govenors of the Federal Reserve System to ensure that financial institutions maintain adequate reserves for the funds they have on deposit.

How Will Reg D Affect your Account?

Effective July 1, 2017, ARC Federal Credit Union will be making changes to the accounts above in accordance with Federal Reserve Board Regulation D. Regulation D requires that no more than six (6) electronic transfers per calendar month are performed. Once the limit has been reached, the system will no longer allow such a transaction and any automatic transfers may be returned as unpaid. Electronic transfers are defined as: transfers between ARC FCU accounts or to other insitutions when made by telephone, fax, online banking, mobile banking, automatic or preauthorized bill payments including ACH; automatic debits; or automatic transfers to cover an overdraft in your checking account. There is no limit to in-person transactions or requests for check withdrawals made payable to you via telephone.


Money Market

Need access to your money but still want a higher rate of return?

An ARC Money Market may be your best choice. ARC's money market allows you up to 3 free withdrawals a month, while offering you a higher interest rate. Maintaining a minimum balance of $2,000 will earn you a great return on investment.

View Rates