Support your teen's financial journey.
Competitive dividends
Free ATM access
Manage via online and mobile banking
Life moves fast, especially for teens. That’s why we created the MoneyTeens checking account, designed specifically for members ages 13 to 17. With easy access to their money, this account helps teens take control of their finances while learning how to manage spending, saving, and everyday expenses. It’s a smart way to build financial independence with the support of a parent or guardian.
- Earn up to 0.1% in dividends on deposits
- Free Mastercard® Debit/ATM card
- Access to over 30,000 surcharge-free ATMs (over 1,600 in Michigan)
- Free online and mobile banking
- 24/7 support through our 365 Live Call Center
- Make secure purchases and tap to pay with a contactless card
- Enjoy MoneyNow Overdraft Protection
Account Dividends
| APY1 | Dividend Rate | Daily Balance |
|---|---|---|
| 0.00% | 0.00% | $1 to $10,000 |
| 0.25% | 0.25% | $10,000.01 and up |
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.
