Members First Credit Union Texas Regular Share Savings Review

Members First Credit Union Texas Regular Share Savings is offered by Members First Credit Union - Texas, a credit union founded in 1938 and based in Corpus Christi, TX. Members First Credit Union Texas Regular Share Savings is available in 1 state across the USA.

• Low APY. The maximum annual percentage yield for this account is only 0.2%.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• Hard credit pull. Members First Credit Union - Texas may require a hard pull on your credit report to open a checking account.

Pros	Cons
Interest-yielding account. Deposits are insured by the NCUA (up to $250K). Access to physical branches. No charge on incoming domestic or international wire transfers.	No signup bonus. Does not provide access to a nationwide ATM network. Does not come with a debit card Not FDIC-insured. Only available in one state. Higher than average wire transfer fees. No ATM access to savings.

Are savings accounts from Members First Credit Union - Texas federally insured?

Yes, your Members First Credit Union - Texas savings accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 - Texas offer a signup bonus?

Members First Credit Union Texas Regular Share Savings doesn't offer a signup bonus.

What is the minimum initial deposit for Members First Credit Union Texas Regular Share Savings?

The minimum deposit to open a Members First Credit Union Texas Regular Share Savings is $25.

Members First Credit Union Texas Regular Share Savings Minimums

Description
APY Minimum Balance	$100
Minimum Balance to Avoid Monthly Fee	$0
Minimum Opening Deposit	Starting at $25

What APY does Members First Credit Union - Texas offer?

Members First Credit Union Texas Regular Share Savings offers an APY of 0.2% (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 Texas Regular Share Savings charge?

Members First Credit Union Texas Regular Share Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $15 fee.
• Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Members First Credit Union Texas Regular Share Savings charges a $15 fee for an early account closure. Contact Members First Credit Union Texas Regular Share Savings for more details on what is considered an early closure.
• Members First Credit Union Texas Regular Share Savings charges $2 every time you request a paper statement.

What features and perks does Members First Credit Union Texas Regular Share Savings offer?

This savings account includes the following features:

• Fraud monitoring - Members First Credit Union Texas Regular Share Savings 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.
• Mobile Banking Services - Members First Credit Union Texas Regular Share Savings 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 Texas Regular Share Savings?

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.