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  Members First Community Credit Union Free Checking

Members First Community Credit Union Free Checking

in Checking Accounts from Members First Community Credit Union · Member ncua

Unaffiliated

Members First Community Credit Union Free Checking

Unaffiliated

in Checking Accounts from Members First Community Credit Union · Member NCUSIF

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 1.005%

Members First Community Credit Union Free Checking Review

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

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.005%, which is much higher than the average for a checking account.However, you must keep a minimum balance of $0.01.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • Bill pay. Pay your bills to practically anyone in the United States through Members First Community Credit Union.
  • Hard credit pull. Members First Community Credit Union may require a hard pull on your credit report to open a checking account.
Members First Community Credit Union Free Checking Pros & Cons
Pros Cons
  • High-interest yield.
  • Deposits are insured by the NCUA (up to $250K).
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Not FDIC-insured.
  • Only available in one state.
Members First Community Credit Union Free Checking FAQ

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

Yes, your Members First Community Credit Union checking accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Credit Union Free Checking offer?

Members First Community Credit Union Free Checking Rates & Terms
Description
APY (Annual Percentage Yield) 1.005%

Members First Community Credit Union Free Checking offers an APY of 1.005% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest account holders must keep an average beginning day balance of $0.01.

What are the account minimums for Members First Community Credit Union Free Checking?

Members First Community Credit Union Free Checking requires a minimum initial deposit of $50 to open an account.

Members First Community Credit Union Free Checking Account Minimums
Description Amount
Minimum Opening Deposit $50
APY Minimum Balance $0.01

What fees does Members First Community Credit Union Free Checking charge?

The good news is that this account does not have a monthly Service Charge.

Members First Community Credit Union Free Checking Fees
Description
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
Stop Payment Fee $15
ATM Fee: Out-of-Network $0

Does Members First Community Credit Union Free Checking charge overdraft fees?

What features and perks does Members First Community Credit Union Free Checking offer?

This account includes the following features:

  • Fraud monitoring - Members First Community Credit Union Free Checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Members First Community Credit Union Free Checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
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Availability

  Available in 1 state
Illinois
Availabile in all of Illinois

Feature Breakdown

APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee $0
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
Stop Payment Fee $15
Bank Account Features
  • Branch Access
  • NCUA Member
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 1.005%

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