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  Members First Community CU Business Accounts
Members First Community CU Business Accounts
in Business Checking Accounts from Members First Community Credit Union · Insured by NCUA
Unaffiliated

Members First Community CU Business Accounts

Unaffiliated
in Business Checking Accounts from Members First Community Credit Union · Insured by NCUA
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Highlights
Monthly Fee N/A
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.1%

Members First Community CU Business Accounts Review

Members First Community CU Business Accounts is offered by Members First Community Credit Union, a credit union founded in 1954 and based in Quincy, IL. Members First Community CU Business Accounts are available in 1 state across the USA.

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.1%.
  • Bill pay. Pay your bills to practically anyone in the United States through Members First Community Credit Union.

Members First Community CU Business Accounts Pros & Cons

Pros Cons
  • Dividend-yielding account.
  • Insured by NCUA.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.

Members First Community CU Business Accounts FAQ

Are business checking accounts from Members First Community Credit Union federally insured?

Yes, your business checking accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What APY does Members First Community CU Business Accounts offer?

Members First Community CU Business Accounts Rates & Terms
Description
APY (Annual Percentage Yield) 0.1%

Members First Community CU Business Accounts offers an APY of 0.1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the account minimums for Members First Community CU Business Accounts?

Members First Community CU Business Accounts Account Minimums
Description Amount
Minimum Initial Deposit $
APY Minimum Balance $2,500

What fees does Members First Community CU Business Accounts charge?

The good news is that this account does not have a monthly service charge.

Members First Community CU Business Accounts Fees
Description
Online Bill Pay Fee $0
Stop Payment Fee $15

What features and perks does Members First Community CU Business Accounts offer?

This account includes the following features:

  • Fraud monitoring - Members First Community CU Business Accounts monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Members First Community CU Business Accounts allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Message From Members First Community CU Business Accounts

NO fees on transactions. $0.00 minimum balance. Balances over $2,500 can earn interest. Merchant Services also available, allowing you to accept credit card payments from customers.

Availability

  Available in 1 state
Illinois
Availabile in all of Illinois

Feature Breakdown

Minimum Balance to Earn APY $2,500
Online Bill Pay Fee $0
Stop Payment Fee $15
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.1%

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