Savings and checking accounts at a credit union are usually referred to as what?

Savings and checking accounts at a credit union are typically referred to as shared accounts. This terminology reflects the cooperative nature of credit unions, where members share ownership and benefits. In a credit union, the term "shared" emphasizes that these accounts are for members to save and manage their funds collectively.

While other terms like "investment accounts," "regular accounts," or "member accounts" might be used in other contexts, they do not capture the specific concept of these accounts within the structure of a credit union. Investment accounts often refer to accounts that deal with stocks, bonds, or other securities, while regular accounts are a more generic term that lacks the specificity of credit union terminology. Member accounts could apply to a wide variety of status in relation to the credit union but do not directly identify the savings and checking accounts themselves. Therefore, "shared accounts" most accurately describes this financial offering at a credit union.