Personal Banking Fees

Experience the credit union advantage

Enjoy the freedom and financial flexibility of lower fees by banking with a credit union, like us.

Keep more of your money

As a not-for-profit credit union, Michigan First isn't looking to make a profit. Instead, we pour extra revenue back into our daily operations, to the financial benefit of our members. One way we look out for you is by setting lower fees for a wide range of services.

All fees are effective as of January 1, 2021.

ATM/Debit Cards Costs MoneyPerks Points
Card Replacement (lost/stolen) $12 3,000
Foreign Transaction 1% of each transaction in U.S. dollars N/A
NSF (returned payment) $31 4,000
MoneyNow® Debit Card Transaction $19 2,500
PIN Reorder $2 500
Sales Receipt Copy $5 1,000
ATM Transaction Fees Cost MoneyPerks Points
All Michigan First/CO-OP ATMs Free N/A
All Other ATM Networks $2.50 700
MoneyNow® ATM
(up to each $500 increment)
$29 3,800
Surcharge for Non-CO-OP Network Transactions at Michigan First Machines $5 N/A
Certificate Services Cost MoneyPerks Points
CD Early Withdrawal 90 days interest through 1 year CD, Over 1 year – 180 days interest N/A
Credit Card Cost MoneyPerks Points
Card Replacement (lost/stolen) $12 3,000
Cash Advance 3% of advance, minimum $10 N/A
Credit Card Late Payment $25 N/A
Foreign Transaction 1% of each transaction in U.S. dollars N/A
NSF (returned payment) $25 N/A
Secured Credit Card Annual Fee $50 N/A
Checking Accounts Cost MoneyPerks Points
Account Reconciliation $25/hr. N/A
Check Copy $5 1,000
Check Printing and Reorders Varies N/A
Classic Checking $20/month N/A
MoneyNow® Checks Not Negotiated Through Teller $19 2,500
Any MoneyNow® Transaction Negotiated Through Teller
(up to each $500 increment)
$29 3,800
MoneyNow® Zelle® Transaction
(up to each $500 increment)
$29 3,800
Non-Sufficient Funds (NSF)** $31 4,000
NSF Return-Deposited Check $31 with ownership in drawing account, free without ownership in drawing account 4,000
Overdraft Transfer from Savings 1 free/month, $4 each additional 800
Stop Payment $31 4,000
Zelle® Transactions Free N/A
Loan Programs Cost MoneyPerks Points
Delinquent Loan/Late Fee 20% of delinquent interest
(10 day grace period)
N/A
Extension Agreement $40 5,000
NSF Loan Payment** $31 4,000
Refinance Program - Soft Credit Pull $15 N/A
Refinance Program - Loan Modification $25 N/A
Skip-A-Pay for Eligible Loans $40 most loans
$60 home equities
5,000 most loans
7,000 home equities
General Services Cost MoneyPerks Points
Account History
(from staff, no page limit)
$5 1,000
Account/Loan Number Change, Member Request $50 6,000
Account Reopening Within One Year of Closing $50 6,000
Account Reopening After Charged Off $50 6,000
Account Research – Members $25/hour N/A
Account Research – Outside Agencies $50/hour N/A
Cash Advance - Another Financial Institution Card $5 1,000
Foreign Checks - Collection Items $10 + bank charges N/A
Levies and Garnishments $100 N/A
Minimum Balance Fee* (after three months) $3/month 800
Money Orders $3 800
Non-Member Cash Advance $10 N/A
Non-Member Check Cashing $10 N/A
Official Check $3 800
Official Check Copy $5 1,000
Official Check – Stop Payment $31 4,000
Phone Transfer Within Own Account Via Call Center $1 250
Phone Transfer / Payment From External Account $5 1,000
Safe Deposit Box 3 x 5 $40/yr. 5,000
Safe Deposit Box 3 x 10 $55/yr. 7,000
Safe Deposit Box 5 x 10 $90/yr. 12,000
Safe Deposit Box 10 x 10 $120/yr. 17,000
Safe Deposit Box Drilling $200 N/A
Safe Deposit Box Lost Key $20 N/A
Service Centers/Shared Branch $4 teller cash withdrawal N/A
Statement Copy (no page limit) $5 1,200
Unclaimed Property Fee $50 N/A
Undeliverable Mail/Returned $5 1,000
Verification of Deposits $10 N/A
ACH Electronic Funds Cost MoneyPerks Points
Manual Posting of an ACH Item $20/item after appropriate notice N/A
MoneyNow® ACH Transactions $19 2,500
Return ACH** $31 4,000
Stop Payment $31 4,000
Wire Transfers (incoming) Free N/A
Wire Transfers (outgoing domestic) $25 3,000
Wire Transfers (outgoing international) $50 6,000
Savings Programs Cost MoneyPerks Points
Account Reopening Within One Year of Closing $25 N/A
Minimum Balance Fee* (after 3 months) $3/month N/A