Explore our Business Accounts
Business Checking Accounts
Running a company requires a lot of time and attention. To make things easier for business owners, we offer a Business Checking Account that allows you to manage your money anytime, from anywhere.
- No minimum balance, check fees, or service charges
- Debit cards for multiple users with PIN and signature-based transactions
- Access to 30,000+ surcharge-free ATMs (1,600+ in Michigan)
Business Saving Accounts
From start-up to established, every company is different. One commonality every business shares is the determination to grow and thrive. Take advantage of a Michigan First Business Savings Account and experience a banking relationship that fits your business's unique needs and aids your financial goals.
- $100 required to open an account and maintain a $100 balance
- Funds can be used as collateral for Savings Secured Loan
- Access to our suite of Merchant Services
Business Money Market Accounts
The idea behind our Money Market Account is simple - the larger your balance, the higher your dividends, and the more your account earns. When you want higher returns than a typical savings account while maintaining financial fluidity, this may be a good option for you.
- Minimum $2,500 balance to earn interest
- Tiered dividends and higher balances lead to higher returns
- Track your account growth through online and mobile banking
Business Certificate Accounts
Take advantage of our dividends by investing in a Certificate Account. By committing to a specific period of time, you can maximize your savings with a fixed rate, which results in solid earnings over the term. When your Certificate Account matures, cash it out to address business expenses or reinvest for expanded growth.
- Minimum $2,500 balance to earn dividends
- Short and long-term savings options
- Higher balances typically earn higher dividends
Resources at your fingertips
Michigan First Credit Union Offers Peace of Mind with $500,000 Coverage!
At Michigan First, we go the extra mile for our members by making sure your money is protected. Deposits at Michigan First Credit Union are federally insured up to $250,000 by the National Credit Union Administration (NCUA). To further protect your deposits, Michigan First provides additional coverage through Excess Share Insurance (ESI), creating a combination of federal and private share deposit insurance that protects your deposits for a total of $500,000 — including savings accounts, checking accounts, money market accounts, and certificate accounts.
This combination of NCUA and ESI coverage ensures that:
- All individual savings, checking and certificate accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
- All joint accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
- All IRA accounts held by the same person are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI.
Both ESI and NCUA offer coverage payable upon failure and liquidation of the credit union. In order to continue providing the expanded protection, Michigan First adheres to strict underwriting criteria and reports monthly to ESI. If you have questions regarding this valuable member benefit, please call 800.664.3828.
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