ACH

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit tran...

Adjustable Rate Mortgage (ARM)

A mortgage loan or deed of trust which allows the lender to adjust the interest rate in accordance with a specified index periodically and as agreed to at...

Ampre Debit Rewards

Ampre Debit Rewards is the Members 1st Credit Union debit card reward program. Ampre Debit Rewards are digital coupons from your favorite merchants loaded on...

Annual Fee

Any fee that is charged on an annual (yearly) basis.

Annual Percentage Rate (APR)

The annual percentage rate (or APR) is the amount of interest on your total loan amount that you'll pay annually (averaged over the full term of the loan). A...

Annual Percentage Yield (APY)

APY refers to how much money you earn on a deposit over a year, taking into account compounding interest. For example, if you put $1,000 into an account for...

Application Fee

We here at Members 1st Credit Union are not familiar with this term and have no idea why someone would charge a fee for an account or loan application.

Appraisal

An opinion or estimate of marketable value. Also refers to the process by which a value estimate is obtained.

ATM Surcharge

Automated teller machine (ATM) surcharges are additional fees imposed on consumers who use ATMs to withdraw cash. Unlike other ATM fees, surcharges are...

Audio Response

Audio Response is a free service that allows members to access their account information and process transactions using a touch-tone phone. See the Audio...