There is also a mini-version of a co-op that is sometimes called a club. These typically are arranged around one activity or academic subject area, and may meet less frequently, often monthly. Examples of these are book clubs, nature clubs, and geography clubs.
People First Federal Credit Union complies with the Federal Reserve Bankâs Regulation D. This Regulation limits the number of. transactions you can make from your share accounts each month. Share accounts include regular Savings (S1), Holiday (S2), Vacation (S3), Special (S6), and Money Market (S7) accounts.
Regulation DD. DEFINITION of 'Regulation DD'. A regulation set forth by the Federal Reserve. Regulation DD was enacted to implement the Truth in Savings Act that was passed in 1991. This act requires lenders to provide certain uniform information about fees and interest when opening an account for a customer. BREAKING DOWN 'Regulation DD'.