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  Members First Credit Union Premier Checking

Members First Credit Union Premier Checking

in Checking Accounts from Members First Credit Union · Member ncua

Unaffiliated

Members First Credit Union Premier Checking

Unaffiliated

in Checking Accounts from Members First Credit Union · Member NCUSIF

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Highlights
Monthly Fee $15
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $2,500
APY (Annual Percentage Yield) 0.04% - 0.08%

Members First Credit Union Premier Checking Review

Members First Credit Union Premier Checking is offered by Members First Credit Union, a 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
  • Low APY. The maximum annual percentage yield for this account is only 0.08%.
  • 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.
  • No ATM fees. Members First Credit Union Premier Checking 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 Premier Checking 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 Premier Checking 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 Premier Checking offer?

Members First Credit Union Premier Checking offers an APY starting at 0.04% and ranging up to 0.08% (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% - 0.08%

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 Account Minimums
Description Amount
Minimum Opening Deposit $25
APY Minimum Balance $1,000
Minimum Balance to Avoid Monthly Service Fee $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 $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 fee.

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:

  • Fraud monitoring - Members First Credit Union Premier Checking 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 Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Members First Credit Union Premier 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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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 Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee $2,500
ATM Fee: In-Network $0
ATM Fee: Out-of-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
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) 0.04% - 0.08%

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