All $avvy $avers need to know about their new Member Share Account
On August 1, 2023, we are establishing a separate Member Share account for each Floridacentral member to hold the $5.00 share that establishes and maintains your membership in Floridacentral.
What's a Membership Share?
A membership share establishes your membership with Floridacentral and allows you to access the products, services, and benefits our credit union offers. You are required to maintain this $5 in your account. The share is the $5.00 you deposit when opening your accounts at Floridacentral
What do I need to do to open the Member Share Account?
Nothing. You already have the $5.00 for your membership share in your savings account. On August 1, 2023, your Member Share Account will be opened, and the $5.00 membership share will be automatically transferred. The remaining balance will stay in your $avvy $avings Account.
Will I see the new Member Share Account with my other accounts?
Yes. Your Member Share Account will show on your statements and Online Banking.
Will I be able to do transactions with the new Member Share Account?
No. This account will be used solely for your $5.00 membership share. No transactions will take place in this account.
Will the addition of the Member Share Account affect my direct deposits or automatic payments?
No. Your account number will stay the same and nothing will change with your direct deposits or automatic debits from your $avvy $avings Account.
Can I choose not to have a Member Share Account?
No. Floridacentral will require all members to have a Member Share Account as of August 1, 2023.