Last year alone, banks and credit unions charged over $30 billion in overdraft fees. The average overdraft fee is $34. That is a new record high, rising for the 20th time in the past 22 years.
The bottom line is that overdraft fees hurt consumers, especially those individuals and families are most vulnerable financially.
When you bank with us you are part of our family and family doesn’t take advantage when you need them most. That is why we decided to do what we always do — put the financial needs of our members above all else.
We are proud to be the first credit union in South Florida and one of the few financial institutions nationally to fully eliminate overdraft and non-sufficient funds fees.
We’re putting almost $1 million annually back in our members’ pockets for the things that matter most.
No longer do you need to worry about piling up substantial fees because you forgot about a payment or had an unexpected expense.
This is what sets us apart from the more profit-driven financial institutions that are making decisions in the best interest of outside shareholders not their customers.
With the elimination of overdraft and non-sufficient funds fees, we hope to make banking more accessible, inclusive, and forgiving.