Some of the benefits of using America First Credit Union include improved interest rates and the fact that the U.S. government insures all savings deposits up to $250,000. In addition, America First customers have access to several ATM networks, including Access24, CO-OP Network and Visa PLUS.Continue Reading
Credit unions such as America First are not operated for profit, and are thus exempt from corporate income taxation. By federal law, a credit union is required to keep a significant amount of capital in order to protect its members' savings.
Due to the fact that credit unions are exempt from federal taxation, they are often able to offer savings accounts that offer interest rates well above the standard market rates. In America First Credit Union, customers may open certificates of deposit for 60-month terms while earning an annual percentage yield of 2.10 percent, with an additional 3.08 percent dividend rate.
In addition, First American Credit Union offers interest-bearing checking accounts with no monthly account fees or minimum balance requirements. A regular checking account earns an annual percentage yield of 0.05 percent.
Additional free account benefits include online banking, bill pay, mobile deposits, direct deposit, online statements and e-alerts. In addition, members may order customized Visa debit cards to access their accounts.Learn more about Banks