Members First Credit Union Kid's Club Review

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

• Higher than average APY. Members First Credit Union Kid's Club has an annual percentage yield of up to 0.06%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $5.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. Members First Credit Union Kid's Club does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through Members First Credit Union.

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.

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 Kid's Club doesn't offer a signup bonus.

What is the minimum initial deposit for Members First Credit Union Kid's Club?

The minimum deposit to open a Members First Credit Union Kid's Club is $5.

Members First Credit Union Kid's Club Minimums

Description
APY Minimum Balance	$5
Minimum Opening Deposit	Starting at $5

What APY does Members First Credit Union offer?

Members First Credit Union Kid's 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 Kid's Club charge?

Members First Credit Union Kid's 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 Kid's Club offer?

This savings account includes the following features:

• Fraud monitoring - Members First Credit Union Kid's 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 Kid's 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 Kid's 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 First Credit Union Kid's Club?

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