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  Members First Credit Union Premier Checking
Members First Credit Union Premier Checking Unaffiliated

Members First Credit Union Premier Checking

Unaffiliated
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.04% - 0.20%
(Verified 07/16/2022)
Monthly Fee $15
Minimum Balance to Avoid Monthly Fee Starting at $2,500

Members First Credit Union Premier Checking Review

Members First Credit Union Premier Checking is offered by Members First Credit Union, founded in 1936 and based in Midland, MI. Members First Credit Union Premier Checking is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. Members First Credit Union Premier Checking has an annual percentage yield of up to 0.20%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1000.
  • Charges a monthly fee. This account charges a monthly service fee of $15, but the fee is waived if you keep a minimum balance of $2,500.
Members First Credit Union Premier Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Members First Credit Union Premier Checking FAQ

Are checking accounts from Members First Credit Union federally insured?

No, your Members First Credit Union checking accounts are not insured by a federal insurance agency. This means that if Members First Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does Members First Credit Union Premier Checking offer?

Members First Credit Union Premier Checking offers an APY starting at 0.04% and ranging up to 0.20% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $1000.

Members First Credit Union Premier Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.04% - 0.20%

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

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

Members First Credit Union Premier Checking Minimums
Description
Minimum Balance to Earn APY $1,000
Minimum Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee Starting at $2,500

What fees does Members First Credit Union Premier Checking charge?

This account charges a monthly service fee of $15.

Members First Credit Union Premier Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $5
Early Account Closure $15
Monthly Fee $15
NSF 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 Starting at $0

Does Members First Credit Union Premier Checking charge overdraft fees?

Yes, Members First Credit Union Premier Checking charges a $27 fee for every overdraft.

Members First Credit Union Premier Checking offers overdraft protection at a cost of $27 per transaction.

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

This account includes the following features:

What is the customer support email for Members First Credit Union Premier Checking?

The customer support email for Members First Credit Union Premier Checking is mail@mfcu.net.

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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.

Message From Members First Credit Union

We have a variety of options with different perks, access to over 30,000 surcharge-free ATMs, and our team is fully prepared to find the perfect match for you. All checking accounts include free instant issue debit cards, free automatic transfers, and free starter checks at the time of account opening. Each option has free eServices including Online & Mobile Banking and Mobile Check Deposit.

Premier Checking --- You’ve worked hard for your money, let us reward you for it. Take advantage of rate discounts of .10% on new Auto or Consumer Loans. You can also earn interest on average daily balances of $1,000 or more within a tiered structure and earn an extra .10% on your rate on Super High Yield accounts and CDs.

Availability

  Available in 1 state
Michigan
Availabile in all of Michigan

Feature Breakdown

Minimum Balance to Earn APY $1,000
Minimum Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee Starting at $2,500
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Debit Card Replacement Fee $5
Early Account Closure $15
Monthly Fee $15
NSF 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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.04% - 0.20%
(Verified 07/16/2022)

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