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CO-OP Credit Union |
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The Co-op Credit Union is not liable for the content, authenticity or availability of external links since we have no control over them. Nor does any external link imply endorsement of product or services. © 2012 Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. |
DEBIT CARD CHANGES: Opt-In Explained In September our debit card program will be upgrading. All debit card holders have been notified by mail, but we want to clarify some of the changes. The debit card program will become an online program. That means:
As a courtesy to our members, if you agree to the Opt-In service, your credit union will allow you to overdraw (up to a predetermined amount) above your checking and overdraft protection balances. Is there a charge for Opt-In? Only if you use it. If you use the Opt-In service, then you will be charged the standard overdraft fee of $25.00. If I use Opt-In, will it affect my credit rating? No. Opt-In will be charged and treated like an overdraft, but it won't affect your credit rating unless you overuse it. Do I have to have Overdraft Protection to use the Opt-In feature? No. You do not need to have overdraft protection. Please call one of our offices if you have more questions. If it's confusing to you, imagine what it's like for us trying to decipher all the legalities. |