Share Savings

Own a piece of your credit union.

Put $25 in Share Savings, and you’re a member and an owner. Your balance earns 0.50% APY*.

Become a member

You earn

0.50 % APY*

Share Savings

Why save here

One member, one vote.

Every member gets one vote in how the credit union is run, however much they’ve saved. The money members save here is what the credit union lends to other members. Your savings help another Local 558 family buy a truck or fix a roof.

  • $25 opens the account and keeps your membership
  • Your balance earns dividends
  • Federally insured by NCUA
  • Borrow against it any time with a share secured loan
Open an AccountMore about membership →

Today’s rates

Share Savings rate

Here’s what your balance earns today.

Product You earn
Share Savings 0.50 % APY*
See all rates

Savings calculator

See what it could earn.

Pick an amount and how long you’ll keep it there. This uses today’s rate.

Account

Share Savings

Balance after 1 year

$5,025

Rate
0.50% APY
Term
1 year
Dividends
$25
You put in
$5,000

Become a member

How to open

Three steps to membership.

  1. Step 1

    Apply

    Apply for membership online, or stop by the branch at 1705 E. 17th Street with a photo ID.

  2. Step 2

    Add your $25

    Your first $25 in Share Savings opens the account and makes you a member.

  3. Step 3

    Start earning

    Your balance earns dividends, and you can open certificates and apply for loans.

Become a member

Questions

Share Savings questions

Don’t see yours? Call (256) 383-6551, Monday–Friday, 8 to 5.

Who can open Share Savings?

Anyone who can join the credit union can open one, and that’s the whole IBEW Local 558 family. See who can join.

How much do I need to open it?

You need $25, which is also the balance that keeps your membership open.

Does it earn dividends?

Yes. The rates table above shows what it earns today.

Is my money insured?

Yes. Your savings are federally insured by NCUA to at least $250,000.

What do I need to open it?

Bring a photo ID, your Social Security number and $25. You can apply online or at the branch.

What membership opens

Ready for what’s next.

Rates effective April 8, 2026. *APY = Annual Percentage Yield. Rates subject to change without notice. The Share Savings rate is variable and can change after the account is opened. Fees may reduce earnings. A penalty may be imposed for early withdrawal on certificates.

Join us

Start with $25.

Apply for membership online, or bring a photo ID to the branch at 1705 E. 17th Street.

Become a memberCall (256) 383-6551