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  Members First Community Credit Union Money Market Checking

Members First Community Credit Union Money Market Checking

in Money Market Accounts from Members First Community Credit Union · ncua

Unaffiliated

Members First Community Credit Union 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%
APY Minimum Balance $2,500
Minimum Opening Deposit N/A

Members First Community Credit Union Money Market Checking Review

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

Key Takeaways
  • Very high 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 First Community Credit Union Money Market Checking
Pros Cons
  • Generous dividends.
  • Insured by NCUA.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in one state.
Members First Community Credit Union Money Market Checking FAQ

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

Yes, your Members First Community Credit Union 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 First Community Credit Union Money Market Checking rates?

Members First Community Credit Union Money Market Checking Rates and Terms
Rates Amount
APY 0.1%

Members First Community Credit Union 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 First Community Credit Union Money Market Checking?

Members First Community Credit Union Money Market Checking does not charge a monthly maintenance fee.

Members First Community Credit Union Money Market Checking Fees
Fees Amount
Monthly Fee N/A
Paper Statement Fee N/A

What is the minimum balance for Members First Community Credit Union 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 First Community Credit Union 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 First Community Credit Union 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

APY Minimum Balance $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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