FAQs

Michigan First deposits are federally insured by the National Credit Union Administration (NCUA) for up to $250,000 and privately insured by Excess Share Insurance for up to an additional $250,000. Together, this provides up to $500,000 in coverage for qualifying deposits based on account ownership category. Coverage applies to eligible checking, savings, money market, and certificate accounts.

Yes. Michigan First offers debit card access through eligible youth accounts. Finley is available for children ages 6–17 and gives parents tools to view purchases, set spending limits, freeze or unfreeze the card, and help their child manage money responsibly.

Finley is Michigan First’s youth banking and financial education experience for children ages 6–17. It combines a real account and debit card with age-appropriate lessons, quizzes, challenges, and rewards. Parents can monitor purchases, set spending limits, manage the child’s card, and use chores and allowances to help their child practice managing real money.

Michigan First offers youth banking options designed for different ages and stages. MoneyKids Savings Accounts help children begin saving, while MoneyTeens Checking Accounts give teenagers experience managing a checking account and debit card. Finley combines a real youth account and debit card with age-appropriate financial education and parental controls.