Incoming Freshman


First Miami provides the ideal banking experience for Miami freshman, Conveniently located in Armstrong Student Center, First Miami is one of two financial institutions on the Oxford campus.

We are student-run, so members interact with workers who understand the questions they might have about financial decisions and services. First Miami employees are readily available to assist members and are able to relate to their problems.

WHERE ARE FIRST MIAMI ATMS?
First Miami allows you to use any ATM fee free (fees charged by the ATM operator do apply).

HOW CAN MY PARENTS SEND ME MONEY TO PUT INTO MY ACCOUNT?

Parents usually send money via mail sent to students’ dorms. Students can come in and deposit any checks or cash their parents send them. It’s free and it gets the students used to handling and depositing money. Parents can also send money to the credit union’s office.

Another way to send money is electronically through an ACH origination. ACH is commonly used for large amounts or quick transactions. We would need the following information:

Your First Miami account number

Amount to be Transferred

Name of the account holder at other bank/CU

Account holder’s phone number

Name of the other bank/CU

Routing number of bank/CU

Account number from other bank/CU

Call the office for more information.

Lastly, First Miami handles wire transfers. These also have a small fee but are common for international transfers.

IF I WORK ON CAMPUS, CAN I HAVE MY PAYCHECKS SENT DIRECTLY TO FIRST MIAMI?
Yes. Like any other bank or credit union, First Miami members can set up direct deposits through their employer. Call the office for the routing number.

WHY SHOULD I BANK WITH A CREDIT UNION VERSUS A BANK?

Banks are customarily profit-oriented and, as a result, typically have higher interest rates. As a student-run university credit union, First Miami operates for the students. We’re primarily focused on helping students and teaching the basics of financial literacy.