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  Members First Credit Union eChecking

Members First Credit Union eChecking

in Checking Accounts from Members First Credit Union · Member ncua

Unaffiliated

Members First Credit Union eChecking

Unaffiliated

in Checking Accounts from Members First Credit Union · Member NCUSIF

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Highlights
Monthly Fee $7.50
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $750
APY (Annual Percentage Yield) 0.05%

Members First Credit Union eChecking Review

Members First Credit Union eChecking is offered by Members First Credit Union, a credit union founded in 1936 and based in Midland, MI. Members First Credit Union eChecking is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.05%.
  • Charges a monthly fee. This account charges a monthly maintenance fee of $7.50, but the fee is waived if you keep a minimum balance of $750.
  • $25 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
  • No ATM fees. Members First Credit Union eChecking does not charge fees on ATM transactions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Members First Credit Union.
  • Hard credit pull. Members First Credit Union may require a hard pull on your credit report to open a checking account.
Members First Credit Union eChecking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • 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 signup bonus.
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Members First Credit Union eChecking FAQ

Are checking accounts from Members First Credit Union federally insured?

Yes, your Members First 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 Credit Union eChecking offer?

Members First Credit Union eChecking Rates & Terms
Description
APY (Annual Percentage Yield) 0.05%

Members First Credit Union eChecking offers an APY of 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

What are the account minimums for Members First Credit Union eChecking?

Members First Credit Union eChecking requires a minimum initial deposit of $25 to open an account.

Members First Credit Union eChecking Account Minimums
Description Amount
Minimum Initial Deposit $25
APY Minimum Balance $1,000
Minimum Balance to Avoid Monthly Fee $750

What fees does Members First Credit Union eChecking charge?

This account charges a monthly maintenance fee of $7.5.

Members First Credit Union eChecking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $5
Early Account Closure $15
Monthly Fee $7.50
NSF Fee $27
Online Bill Pay Fee $27
Overdraft Item Fee $27
Overdraft Protection Fee (per transfer) $27
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $27
Wire Transfer Fee - Domestic (Incoming) $25
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $50
Wire Transfer Fee - International (Outgoing) $50
ATM Fee: Out-of-Network $0

What features and perks does Members First Credit Union eChecking offer?

This account includes the following features:

  • Fraud monitoring - Members First Credit Union eChecking 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 Credit Union eChecking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
Michigan
Availabile in all of Michigan

Feature Breakdown

APY Minimum Balance $1,000
Minimum Initial Deposit $25
Minimum Balance to Avoid Monthly Fee $750
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Debit Card Replacement Fee $5
Early Account Closure $15
Monthly Fee $7.50
NSF Fee $27
Online Bill Pay Fee $27
Overdraft Item Fee $27
Overdraft Protection Fee (per transfer) $27
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $27
Wire Transfer Fee - Domestic (Incoming) $25
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $50
Wire Transfer Fee - International (Outgoing) $50
Bank Account Features
  • No ATM Fees
  • Branch Access
  • NCUA Member
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.05%

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