Financial Facts

Tag: overdraft

President's Message


A lot is being made about Americans still wanting to opt-in for overdraft privilege (or bounce protection) services – even though they have to pay a fee for it. More and more credit unions are allowing opt-in requests from their members who overwhelmingly demand access to this service. At ASCU, we made a concerted effort to advertise an alternative to payday lending and bounce protection programs. We educated our members about line-of-credit loans, but very few have taken advantage of it. As with other credit unions, we are also hearing from our members that they want their overdraft privilege program back. So, we’re implementing it again sometime between now and the end of the year.


How Does an Overdraft Affect My Account?


Daniel and Susan were busy getting ready to leave town for a winter weekend getaway.


You are now leaving ASCUs web site and are going to a web site that is not operated by the credit union.  ASCU is not responsible for the content or availability of linked sites.  Please be advised that ASCU does not represent either the third party or you, the member, if you enter into a transaction. Further, the privacy and security policies of the linked site may differ from those practiced by the credit union.

Continue >