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Debt Consolidation

Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. Common loans people want to consolidate are high...

eStatements

An eStatement is an electronic notification sent to your e-mail address the day your statement is available to view your statement electronically in Online...

Fixed Interest Rate

A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed-rate period of the loan. This allows the borrower to...

Floor Rate

An interest rate floor is the minimum interest rate possible for an interest rate associated with a loan.

Foreign Merchant Transaction Fee

Foreign merchant transaction fees are normally assessed by your debit or credit card issuer and are usually charged a percentage...

Grace Periods

A description of the different grace periods and lengths associated with Members 1st loans.

Index Rate

The index rate is used as a benchmark to calculate the interest rate plus a specified margin on a loan. Members 1st commonly uses the 26-Week Treasury Bill...

Interest Rate

Interest Rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding...

Late Fee

A late fee is assessed when the payment for a loan has not been received and the grace period has passed.

Overdraft Protection

An explanation of Overdraft Protection and how it protects members from overdrawing their Members 1st accounts.

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