See how little it costs to do business with us.
Experience the freedom of more financial flexibility and lower fees.
Keep more of your money
As a not-for-profit credit union, Michigan First isn't looking to make a profit. Instead, we pour extra revenue back into our daily operations, to the financial benefit of our members. One way we look out for you is by setting lower fees for a wide range of services:
| ATM/Debit Cards | Costs | MoneyPerks Points |
|---|---|---|
| Card Replacement (lost/stolen) | $12 | 3,000 |
| Foreign Transaction | 1% of each transaction in U.S. dollars | N/A |
| NSF (returned payment) | $31 | 4,000 |
| MoneyNow® Debit Card Transaction | $19 | 2,500 |
| PIN Reorder | $2 | 500 |
| Reactivation | $25 | N/A |
| Sales Draft Copy | $5 | N/A |
| ATM Transaction Fees | Cost | MoneyPerks Points |
|---|---|---|
| All Michigan First/CO-OP ATMs | Free | N/A |
| All Other ATM Networks | $2.50 | 700 |
| MoneyNow® ATM (up to each $500 increment) |
$29 | 3,800 |
| Overdraft Transfer from Savings | 1 free per month / $4 each additional | 900 |
| Surcharge for Non-CO-OP Network Transactions at Michigan First Machines | $5 | N/A |
| Non-sufficient funds (overdraft or loan payment) | $31 | 4,000 |
| Certificate Services | Cost | MoneyPerks Points |
|---|---|---|
| CD Early Withdrawal | 90 days interest through 1 year CD, Over 1 year – 180 days interest | N/A |
| Credit Card | Cost | MoneyPerks Points |
|---|---|---|
| Card Replacement (lost/stolen) | $12 | 3,000 |
| Cash Advance | 3% of advance, minimum $10 | N/A |
| Cash Advance (another financial institution card) |
$5 | 1,000 |
| Credit Card Late Payment | $25 | N/A |
| Foreign Transaction | 1% of each transaction in U.S. dollars | N/A |
| NSF (returned payment) | $25 first occurrence, then $311 | 4,000 |
| Reactivation | $25 | N/A |
| Sales Draft Copy | $5 | 1,000 |
| Secured Credit Card Annual Fee | $50 | N/A |
| Checking Accounts | Cost | MoneyPerks Points |
|---|---|---|
| Third Party NSF (returned items, innocent deposit) |
Free | N/A |
| Account Reconciliation | $25/hr. | N/A |
| Check Copy | $5 | 1,000 |
| Check Printing and Reorders | Varies | N/A |
| Classic Checking | $20/month | N/A |
| Non-Sufficient Funds | $31 | 4,000 |
| Any MoneyNow® Transaction Negotiated Through Teller (up to each $500 increment) |
$29 | 3,800 |
| MoneyNow® Checks Not Negotiated Through Teller | $19 | 2,500 |
| MoneyNow® Zelle® Transaction (up to each $500 increment) |
$29 | 3,800 |
| Overdraft Transfer from Savings | 1 free/month, $4 each additional | 800 |
| Stop Payment | $31 | 4,000 |
| Loan Programs | Cost | MoneyPerks Points |
|---|---|---|
| Delinquent Loan/Late Fee | 20% of delinquent interest (10 day grace period) |
N/A |
| Extension Agreement | $40 | 5,000 |
| NSF Loan Payment | $31 | 4,000 |
| Skip-A-Pay for Eligible Loans | $40 most loans $60 home equities |
5,000 most loans 7,000 home equities |
| General Services | Cost | MoneyPerks Points |
|---|---|---|
| Account History (from staff, no page limit) |
$5 | 1,000 |
| Account/Loan Number Change, Member Request | $50 | 6,000 |
| Account Research – Members | $25/hour | N/A |
| Account Research – Outside Agencies | $50/hour | N/A |
| Levies and Garnishments | $100 | N/A |
| Money Orders | $3 | 800 |
| Non-Member Check Cashing | $10 | N/A |
| Official Check | $3 | 800 |
| Official Check Copy | $5 | 1,000 |
| Official Check – Stop Payment | $31 | 4,000 |
| Other Foreign Checks – Collection Items | $10 + bank charges | N/A |
| Phone Transfer Within Own Account Via Call Center | $1 | 250 |
| Safe Deposit Box 3 x 5 | $40/yr. | 5,000 |
| Safe Deposit Box 3 x 10 | $55/yr. | 7,000 |
| Safe Deposit Box 5 x 10 | $90/yr. | 12,000 |
| Safe Deposit Box 10 x 10 | $120/yr. | 17,000 |
| Safe Deposit Box Drilling | $200 | N/A |
| Safe Deposit Box Lost Key | $20 | N/A |
| Service Centers/Shared Branch | $4 teller cash withdrawal | N/A |
| Statement Copy (no page limit) | $5 | 1,200 |
| Traveler’s Checks (one signature) | $1/100 | N/A |
| Traveler’s Checks (two signatures) | $1.50/100 | N/A |
| Unclaimed Property Fee | $50 | N/A |
| Undeliverable Mail/Returned | $5 | 1,000 |
| Verification of Deposits | $10 | N/A |
| ACH Electronic Funds | Cost | MoneyPerks Points |
|---|---|---|
| Account to Account Transfer (incoming) | Free | N/A |
| Account to Account Transfer (outgoing) | $2 | N/A |
| Manual Posting of an ACH Item | $20/item after appropriate notice | N/A |
| Return ACH | $31 | 4,000 |
| MoneyNow® ACH Transactions | $19 | 2,500 |
| Stop Payment | $31 | 4,000 |
| Wire Transfers (incoming) | Free | N/A |
| Wire Transfers (outgoing domestic) | $25 | N/A |
| Wire Transfers (outgoing international) | $50 | N/A |
| Savings Programs | Cost | MoneyPerks Points |
|---|---|---|
| Account Reopening Within One Year of Closing | $25 | N/A |
| Minimum Balance Fee* (after 3 months) | $3/month | N/A |
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*Fee applies if aggregate balance falls below $100 in any month after three months. Fee waived for minors and First Gear accounts.
1First occurrence of a returned payment will incur a $25 NSF fee. The fee amount increases to $31 for each additional NSF (returned payment) incurred over the following six billing periods.