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Share Accounts

As a member, you are also an owner of the credit union. For this reason, your savings account with us is more than just a savings – it’s your share of ownership in our financial institution. That’s why you’ll see this account commonly referred as your “share account” here at ARC. Just like banks, all deposits are federally insured up to $250,000 and backed by the full faith and credit of the United States Government. The only difference is that at a credit union your funds are insured by the NCUA (National Credit Union Administration). Banks are insured by a similar but separate government institution, the FDIC.

We also offer a Switch Kit that helps walk you through changing over your accounts from your current financial institution to ARC Federal Credit Union.

To learn more about the security and coverage of NCUA insurance that is held on all of your savings with us at ARC, or to calculate your share insurance coverage, please click here.

Share (Savings) Account

To gain access to our ever-growing array of financial products and services, all members must open a Share Account with a minimum $5 deposit. Whether you have $5 or $50,000 on deposit at ARC, all members are entitled to the same voting rights and an equal say in how our credit union is operated. These operations are discussed and voted on at our Annual Meeting, usually held in June. Information is posted in our Spring Newsletter and on our website and it is open to all members. Attending gives you the opportunity to vote on new Board and Committee positions as well as catch up on announcements about the credit union along with any financial status updates. We love seeing members at our Annual Meeting! Contact our Member Service Representatives at (814) 946-0857, opt.3 or memberhelp@arcfcu.org to learn more.

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

The idea of retirement may seem like a distant or unattainable goal to some of us but the reality is, it’s never too early – or too late – to start saving for retirement. To see how your current retirement plan checks out in the long run or what modifications to it might look like, check out this great calculator from our financial wellness partner Banzai. 

In addition to retirement, an IRA from ARC can help you reach other financial goals sooner because you begin receiving immediate tax-deferred savings today.

  • A Traditional IRA can be a good option if you expect to be in a lower tax bracket when you retire, or if you need to rollover money from a traditional employer retirement plan.  You don’t pay any taxes on a Traditional IRA until you withdraw funds out of the account.
  • Contributions may be tax deductible. Qualified withdrawals are taxable income
  • Invest up to $6,000.00 or 100% of earned income, whichever is less
    • If you are 50 or older, an additional $1,000 "catch up contribution" may be made or 100% of earned income, whichever is less (a total of $7,000.00)
  • 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 72

How Are IRAs Insured?

Opening an IRA with us is a big benefit to your financial security. The National Credit Union Administration (NCUA) federally insures your ARC FCU retirement accounts up to $250,000. 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

Studies have shown that people are more successful at reaching their savings goals when they are able to separate their funds for different goals. Keeping this in mind, we’re happy to offer you a variety of special accounts designed to help you save for holidays, vacations, and – most importantly – your children. Our club accounts don’t have any harsh deposit requirements or required minimum balances, it’s simply one more way ARC tries to help you reach your financial goals.


Christmas Club

Make your holiday season a little less stressful by building a savings cushion throughout the year.  You can setup an automatic transfer to add to your Christmas Club each payday – just think of how nice it would be to avoid running up those credit cards to get through the holidays this year.

  • No minimum deposit

Vacation Club

A Vacation Club account is an awesome savings tool because it can be used as a way to set aside money separate from your regular savings account and separate from your Christmas Club. Vacation Clubs, though often used to save for vacations, can be used for any bigger purchases you may be trying to set funds aside for such as a down payment on a car or textbooks for school. The possibilities are endless!

  • No minimum deposit

Kids Club – “Noah’s ARC”

We understand how important it is to start establishing good saving habits early. Studies show that money habits are formed in children as early as 7 years old. With this in mind, we offer our members an account designed for children up to age 13. This account can be opened as soon as the child has received documentation of their Social Security Number and helps teach children financial responsibility at an early age. Pair this account with our Banzai Program and earn cash for your kiddo’s ARC account when they sign up and complete the online courses!

  • No minimum deposit

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 Governors of the Federal Reserve System to ensure that financial institutions maintain adequate reserves for the funds they have on deposit.


How Does Reg D Affect My Account?

On July 1, 2017, the above listed accounts were updated in accordance with Federal Reserve Board Regulation D. This regulation required that no more than six (6) electronic transfers were performed from these account types per calendar month. Once this limit had been reached, our system would no longer allow such a transaction and any automatic transfers may have been returned as unpaid. Electronic transfers are defined as: transfers between ARC FCU accounts or to other institutions 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. As of April 24, 2020, and as a result of members' much-needed convenient access to funds in savings during the Coronavirus Pandemic, the Federal Reserve Board amended Regulation D to allow members to make more than six (6) electronic transfers from these account types in a calendar month.

There was, and continues to be, no limit to in-person transactions or requests for check withdrawals made payable to you via telephone.

THIS DOES NOT APPLY TO YOUR CHECKING OR REGULAR SAVINGS ACCOUNT.

Money Market

Sometimes locking your money into a long-term savings instrument like a Certificate for months at a time just isn’t an option, but that doesn’t mean you can’t enjoy the benefits of a higher rate of return on your money. Have you considered an ARC Money Market account?

With up to three (3) free withdrawals each month, you still have access to your funds if you need them. With a $2,000 minimum balance, you can start earning an improved return on your investment for less than many other local institutions. Click the link below to see our current rates.

View Rates