A Share refers to your $1 share deposit required when you open your Members 1st Credit Union account and acts as your share or stock in the credit union. Shares are fully refundable should you ever want to close your account. Credit unions refer to savings accounts as "share" accounts and checking accounts as "share draft" accounts. Shares and share draft accounts are a form of ownership. This means you are a partial owner of the credit union, while account owners are merely customers of banks, and have no ownership or say in how the bank conducts business.