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  Members 1st Community CU Christmas Club
Members 1st Community CU Christmas Club Unaffiliated

Members 1st Community CU Christmas Club

Unaffiliated
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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0.1%
Minimum Balance to Earn APY $0.01

Members 1st Community CU Christmas Club Review

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

Key Takeaways

  • Higher than average APY. Members 1st Community CU Christmas Club has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $0.01.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • Bill pay. Pay your bills to practically anyone in the United States through Members First Community Credit Union.

Members 1st Community CU Christmas Club Pros & Cons

Pros Cons
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.

Members 1st Community CU Christmas Club FAQ

Are savings accounts from Members First Community Credit Union federally insured?

Yes, your Members First Community Credit Union savings 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.

Does Members First Community Credit Union offer a signup bonus?

Members 1st Community CU Christmas Club doesn't offer a signup bonus.

What is the minimum initial deposit for Members 1st Community CU Christmas Club?

There is no minimum deposit to open a Members 1st Community CU Christmas Club.
Members 1st Community CU Christmas Club Minimums
Description
Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0

What APY does Members First Community Credit Union offer?

Members 1st Community CU Christmas Club offers an APY of 0.1% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Members 1st Community CU Christmas Club charge?

Members 1st Community CU Christmas Club does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does Members 1st Community CU Christmas Club offer?

This savings account includes the following features:

  • Fraud monitoring - Members 1st Community CU Christmas Club 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 1st Community CU Christmas Club 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.

Can you set up a direct deposit to Members 1st Community CU Christmas Club?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Members 1st Community CU Christmas Club?

The customer support email for Members 1st Community CU Christmas Club is mfccu@membersfirstccu.com .

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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
Illinois
Availabile in all of Illinois

Feature Breakdown

Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $0
Minimum Required Balance $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
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%

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