Members First Credit Union Christmas Club

Members First Credit Union Christmas Club Review

Members First Credit Union Christmas Club is offered by Members First Credit Union, a credit union founded in 1936 and based in Midland, MI. Members First Credit Union Christmas Club is available in 1 state across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.06%.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Members First Credit Union Christmas Club does not charge fees on ATM transactions.

Members First Credit Union 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. Higher than average wire transfer fees.

Members First Credit Union Christmas Club FAQ

Are savings accounts from Members First Credit Union federally insured?

Yes, your Members First 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 Credit Union offer a signup bonus?

Members First Credit Union Christmas Club doesn't offer a signup bonus.

What is the minimum initial deposit for Members First Credit Union Christmas Club?

The minimum deposit to open a Members First Credit Union Christmas Club is $5.

Members First Credit Union Christmas Club Minimums

Description
Minimum Opening Deposit	Starting at $5

What APY does Members First Credit Union Christmas Club offer?

Members First Credit Union Christmas Club offers an APY of 0.06% (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 First Credit Union Christmas Club charge?

Members First Credit Union Christmas Club does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $25 fee.
• Incoming domestic bank transfers come with a $25 fee.
• Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $50 fee.

What features and perks does Members First Credit Union Christmas Club offer?

This savings account includes the following features:

• Fraud monitoring - Members First Credit Union 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 First Credit Union 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 First Credit Union Christmas Club?

Yes, you can typically set up a direct deposit to this account. 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 First Credit Union Christmas Club?

The customer support email for Members First Credit Union Christmas Club is mail@mfcu.net.