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  Members First Credit Union Premier Checking
Members First Credit Union Premier Checking
in Checking Accounts from Members First Credit Union · Insured by NCUA
Unaffiliated

Members First Credit Union Premier Checking

Unaffiliated
in Checking Accounts from Members First Credit Union · Insured by NCUA
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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, a credit union founded in 1936 and based in Midland, MI. Members First Credit Union Premier Checking are 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.
  • No ATM fees. Members First Credit Union Premier Checking does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Members First Credit Union.

Members First Credit Union Premier Checking Pros & Cons

Pros Cons
  • Dividend-yielding account.
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • 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 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 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 Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee Starting at $2,500
Minimum Balance to Earn APY $1,000

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
Monthly Fee $15
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
NSF Fee $27
Overdraft Item Fee $27
Overdraft Protection Fee (per transfer) $27
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
Paper Statement Fee $3
Debit Card Replacement Fee $5
Early Account Closure $15

Does Members First Credit Union Premier Checking charge overdraft fees?

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

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 Premier Checking

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 Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee Starting at $2,500
Minimum Balance to Earn APY $1,000
Monthly Fee $15
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
NSF Fee $27
Overdraft Item Fee $27
Overdraft Protection Fee (per transfer) $27
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
Paper Statement Fee $3
Debit Card Replacement Fee $5
Early Account Closure $15
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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