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  Members 1st Community CU Money Market Checking
Members 1st Community CU Money Market Checking
in Money Market Accounts from Members First Community Credit Union · Insured by NCUA
Unaffiliated

Members 1st Community CU Money Market Checking

Unaffiliated
in Money Market Accounts from Members First Community Credit Union · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.1%
Minimum Balance to Earn APY $2,500
Minimum Opening Deposit N/A

Members 1st Community CU Money Market Checking Review

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

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.1%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.

Pros & Cons of Members 1st Community CU Money Market Checking

Pros Cons
  • Generous dividends.
  • Insured by NCUA.
  • Access to physical branches.
  • Deposit checks remotely.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in one state.

Members 1st Community CU Money Market Checking FAQ

Are money market accounts from Members First Community Credit Union federally insured?

Yes, your money market 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 are the dividends for Members 1st Community CU Money Market Checking rates?

Members 1st Community CU Money Market Checking Rates and Terms
Rates Amount
APY 0.1%

Members 1st Community CU Money Market Checking offers an APY of up to 0.1% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $2500.

What are the fees for Members 1st Community CU Money Market Checking?

Members 1st Community CU Money Market Checking does not charge a monthly maintenance fee.

Members 1st Community CU Money Market Checking Fees
Fees Amount
Monthly Fee N/A
Paper Statement Fee N/A

What is the minimum balance for Members 1st Community CU Money Market Checking?

No minimum initial deposit. Members First Community Credit Union does not require a minimum initial deposit to open an account.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Members 1st Community CU Money Market Checking offer?

This account includes the following features:

  • Fraud monitoring - Members First Community Credit Union monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - Members 1st Community CU Money Market Checking allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is mfccu@membersfirstccu.com .

How to open an account with Members First Community Credit Union

  • Visit the Members First Community Credit Union website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

  Available in 1 state
Illinois
Availabile in all of Illinois

Feature Breakdown

Minimum Balance to Earn APY $2,500
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.1%
Dividend Compounding Frequency Quarterly
Dividend Payout Frequency Quarterly

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