Grace Periods

A description of the different grace periods and lengths associated with Members 1st loans.

Home Equity Line of Credit

A Members 1st Home Equity Line of Credit allows you to tap into the equity in your home for any purpose you want.

Home Equity Line of Credit (HELOC)

A home equity line of credit (often called HELOC) is a loan in which Members 1st agrees to lend an amount of money within an agreed period (called a term)...

Home Value

Home values are calculated from sold prices, public records of assessed value, and area real estate information. While these estimates can help planning a...

How to Make a Principal-Only Payment

Guide on how to make a principal-only payment on your account.

In Your Community

Members 1st Credit Union takes pride in being an active member in your community. See some of our recent community participation.

Index Rate

The index rate is used as a benchmark to calculate the interest rate plus a specified margin on a loan. Members 1st commonly uses the 26-Week Treasury Bill...

Inspections

An examination of property for various reasons (such as a termite inspection) to see if required repairs were made before funds are released, etc.

Knowledge Center

Support for your Members 1st account. Find the answers to your questions here.

Late Fee

A late fee is assessed when the payment for a loan has not been received and the grace period has passed.