Checking Account Options

We have five checking account relationships to meet your needs. When you open one of these accounts you will begin a relationship that comes with special privileges and advantages. Open your Members Credit Union Checking Account Relationship today!

View Checking Benefits
View Overdraft Protection


Member Junior Checking

This account is designed for our newest members just beginning their first checking relationship.

Account requires parent or legal guardian authorization.

This account is available to members 15-17 years of age.

Member Junior Share Account must be active to open a Member Junior Checking Account.

Open your Member Junior Checking Account today and begin learning how to manage your personal finances.

Free VISA Debit Card, free on-line banking, free phone banking, free e-statement, and free e-notice are available with this account.

 

Member Checking

This account is great for members who need a basic checking account. This account is available to members 18+ years of age. With a Member Checking Account, there is no per check fee, never a minimum balance fee, and no minimum balance requirement. Member Share Account must be active to open a Member Checking Account.

This account offers a VISA Debit Card that acts just like a check - and an ATM Card – with free 24-hour access to your money.

Free VISA Debit Card, free on-line banking, free phone banking, free e-statement, free e-notice and free on-line bill pay are available on this account.

Open your Member Checking account today!

 

Direct Checking

Sign up for Direct Checking today! What’s the Direct for? Direct Deposit your paycheck, social security, retirement benefit and other forms of income to begin enjoying the benefits of this great account today. This account is popular with members who enjoy the convenience of Direct Deposit.

Members that apply and qualify for a loan will receive a .25% loan discount for the life of their loan. Increase your earning power on a Certificate of Deposit with a .25% bonus rate. Open a minimum balance CD with $500 today and receive a better return on your investment.

Members seeking automated services will benefit with this relationship. Free VISA Debit Card, free on-line banking, free phone banking, free e-statement, free e-notice and free on-line bill pay are available on this account. Direct Share Account must be active to open a Direct Checking Account.

BONUS CD RATE FOR DIRECT CHECKING & INTEREST CHECKING
TermMinimum Deposit to OpenRateAPY*
3 month $500 0.35% 0.35%
6 month $500 0.40% 0.40%
12 month $500 0.50% 0.50%
* Annual Percentage Yield

Interest Checking

Many other financial institutions restrict the number of checks you may draw from an interest bearing account. Our interest account provides interest and unlimited check writing. This is ideal for members who maintain a high balance checking account and want to earn more money. Free VISA Debit Card, free on-line banking, free phone banking, free e-statement, free e-notice and free on-line bill pay are available on this account.

Interest Checking Rates
AccountRateAPY*Daily Minimum Balance

Interest Checking

0.05% 0.05% $2,500 - 4,999
  0.05% 0.05% $5,000 - 9,999
  0.10% 0.10% $10,000 +

Interest will be compounded every quarter. Interest will be credited to your account every quarter. Rates may change daily.

Not only do you receive .25% discounts on loans and .25% bonus rates on Certificates of Deposit but this relationship has many value-added benefits. Interest Share Account must be active to open an Interest Checking Account. Open your Interest Checking account today and begin enjoying the complete benefits of this account relationship!

BONUS CD RATE FOR DIRECT CHECKING & INTEREST CHECKING
TermMinimum Deposit to OpenRateAPY*
3 month $500 0.35% 0.35%
6 month $500 0.40% 0.40%
12 month $500 0.50% 0.50%
* Annual Percentage Yield

Mature Checking

Our Mature Checking Account is for members who have attained the age of 50. This account relationship offers free checking privileges with no cost for basic issue one box of checks annually.

Mature Share Account must be active to open a Mature Checking Account.
Mature Share Account provides ATM Transaction benefits:

  • No Fee at Members Credit Union ATM’s
  • Other ATMs: $1.00 per transaction
  • Avoid other ATM fee with direct deposit into mature share account

Free VISA Debit Card, free on-line banking, free phone banking, free e-statement, free e-notice and free on-line bill pay are available on this account.

Open your Mature Checking Account today!

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Checking Benefits

Benefits Member Junior Checking Member Checking Direct Checking Interest Checking Mature Checking
Minimum Balance None None None $2,500 None
Minimum Balance Fee No No No No No
Free Direct Deposit Yes Yes Yes, required (1) Yes Yes
Interest Paid No No No Yes No
Loan Discount (2) No No Yes Yes No
CD Bonus (3) No No Yes Yes No
Loan Application Fee No No No No No
Overdraft Line of Credit No Yes, if approved Yes, if approved Yes, if approved Yes, if approved
Visa/MasterCard Annual Fee No No No No No
Free Visa Debit Card Yes Yes Yes Yes Yes
Free On-Line Banking Yes Yes Yes Yes

Yes

Free e-Statement
Yes Yes Yes Yes Yes
Free e-Notice
Yes Yes Yes Yes Yes
Free On-Line Bill Pay Yes Yes Yes Yes Yes
Free Phone Banking Yes Yes Yes Yes Yes
Free Travelers Checks for One (4) Yes Yes Yes Yes Yes
Check Print Fee Fees Apply Fees Apply Fees Apply Fees Apply No Cost for Basic Issue One Box Annually
1) Net Direct Deposit Required
2) Loan Discount based on application and approval. Must meet account relationship requirements. Promotional, variable, credit card, and real estate loans excluded.
3) $500 Minimum Deposit Required, available in 3, 6, 12 month terms. Excludes promotional and jumbo rates
4) No cost for Travelers Checks for One, normal fees apply for Travelers Checks for Two.

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Overdraft Protection

Members Credit Union offers overdraft protection services which apply to all types of transactions and may help protect your account from being overdrawn by automatically transferring funds to your checking account from another account or our Moneyline line of credit.

Overdraft Transfer Protection

This option allows you to designate up to six accounts that can be accessed by our system to look for available funds to transfer into your checking account to allow checks and electronic transactions to be paid. Account types available for overdraft transfer are:

  • Member Junior Share
  • Member Share
  • Direct Share
  • Interest Share
  • Mature Share
  • Daily Dividend Share
  • Vacation Fund
  • Christmas Club

Sign up today at your local branch and prevent overdraft fees. There is no charge for this feature.

Moneyline Line of Credit

This option is subject to credit approval and allows you to protect your checking account with your approved line of credit up to $2,500. Click here for current rate information.

Avoid the embarrassment of overdraft fees at your credit union or merchants. Protect your checking account from accidental overdrafts. Apply for your Moneyline Line of Credit with our convenient online loan application.

Courtesy Pay

Courtesy Pay is not a line of credit but allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. If you inadvertently overdraw your account, we will have the discretion to pay the overdraft, subject to your Courtesy Pay limits. Please click here for the complete Discretionary Courtesy Pay Disclosure.

We will not pay overdrafts for ATM or everyday debit card transactions unless you have given your consent by opting in to the payment of these overdrafts. Please click here for more information about opting in to extended Courtesy Pay coverage.

Effective September 1, 2014, we will no longer send out paper notices when you access your Courtesy Pay. To received notices, please sign up for our e-Notice program.

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Northwest Michigan's Largest Credit Union