Financial Facts

Tag: overdraft

President's Message

11.29.2010

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.

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How Does an Overdraft Affect My Account?

01.17.2011

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

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