When you bank with SRP Federal Credit Union, you become a shareholder and owner of the credit union. The $0.01 deposit required to open this account buys your share. That's why we sometimes refer to your savings account as a share account. It represents your share of the credit union. You are now part owner and a member of SRP Federal Credit Union. Your savings account earns monthly dividends with no minimum balance (except your $0.01 share).
Once you have established a savings account, you become eligible to open other accounts, such as a checking account. Our checking accounts have many significant advantages, such as mobile access, payroll deduction, and more!