Hi stekarch.
That provides some good information for isolating this issue. As you say that things work normally in a second user account on the Mac, this appears to be an issue with some kind of data corruption in the user account.
If you are comfortable diving into the user library, try this:
1) Activate the Finder and then, whilst pressing and holding the Option key, click the Go menu in the main menu bar at the top of the screen. As long as Option is pressed, you'll see an entry called Library, choose that.
2) Scroll down until you find a file called com.apple.photos.shareddefaults.plist and drag that that to the desktop. Do not delete it.
3) Rename that file to com.apple.photo.shareddefaults.OLD.plist and reboot the Mac.
4) Open the photos app and check for your shared albums.
This process should force the system to create a new preferences files for shared items in the Photos app and may resolve this behavior. If they still do not appear, takes the word OLD out of the file you dragged to the desktop and put it back in the same place in the user library and then reach out directly to Apple Support for additional options.
Contact Apple for support and service - Apple Support
Cheers.