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Overdraft Protection

Courtesy Pay

Courtesy Pay protects you from the embarrassment of returned checks, and merchant returned checks. Courtesy Pay is a service that allows us to pay an item presented against your checking account even if it causes the account to become overdrawn. The system allows you to draw up to $500 over your account balance; a $30 overdraft fee will be included in this amount. The member is then given 30 days to bring their balance current. If additional checks are written when the balance is deficient an additional fee of $30 will apply. To qualify for Courtesy Pay your account has to be open for at least 60 days with the credit union. For more information on Courtesy Pay contact your local NCACU branch.

Overdraft Protection

North Central’s overdraft protection is a service that allows the credit union to automatically pull money from a savings account to pay an overdraft from a checking account. This keeps checking accounts from having a non-sufficient fund fee. The charge for this protection is $5.00 per overdraft.

The overdraft reimbursement option is when you actually apply for a revolving loan to cover an insufficient balance in your checking account. This service has credit score requirements, income verification, credit report, and a signed contract just like a regular unsecured loan. This loan usually has a high interest rate attached and may be subject to service charges.

*See credit union for details.