Direct Deposit

A direct deposit is the electronic transfer of a payment directly from the account of the payer to the recipient's account. Typically, this refers to...

Dividends

A dividend is a sum of money paid regularly (typically monthly) by the credit union to its members based on the interest rate associated with your earnings

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...

FICO® Score

FICO® Scores are the credit scores most lenders use to determine your credit risk. You have three FICO® Scores, one for each of the three credit bureaus...

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...

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.

Insufficient Funds

Insufficient funds occur when someone tries to purchase an item using a check or debit card without having enough money in his or her credit union account...

IRA Share Certificates

Individual Retirement Accounts (IRAs) are personal savings plans for individuals to set money aside for retirement. Members 1st IRA Share Certificates are...

Late Fee

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