Earn rewards for smart money management.

Qualify for loan discounts and competitive rates.

Waive fees
Decrease your loan rates
Earn additional savings

A rewarding membership experience

A Michigan First membership is designed to benefit you through programs like MoneyPerks. We award points to members that make timely loan payments, use direct deposit, and sign up to receive e-statements. Earn additional points by referring a friend or family member to us.

How to Earn Points

  • One point per month per $1 interest you pay on loans
  • One point per month per $1 in dividends you earn on savings
  • 50 points per month for using e-statements
  • 50 points per month for using direct deposit of $500 – $999
  • 100 points per month for using direct deposit of $1,000 or more
  • 1,000 points for you each time you refer friends or family1
  • 500 points for your referred friend or family member1
  • If you have a First Gear account, you earn double points on e-statements and direct deposit usage


  • Lower your loan rate up to 0.75%2
  • Raise your Certificate Account dividends up to 0.50%
  • Waive a service fee

After saving points, you choose how to redeem them. Here’s a breakdown:

+.25% bump 7,500 per Certificate Account
+.50% bump 10,000 per Certificate Account
-.25% 7,500 per loan
-.50% 10,000 per loan
-.75% 15,000 per loan


Michigan First is a full-service credit union with branches that are easily accessible around Metro Detroit, Grand Rapids and mid-Michigan.