Overdraft Protection
- Loan that is tied to the Member's Share Draft Account to eliminate overdraft fees.
- Maximum Loan Amount: $500
- Repayment Terms: Minimum monthly payments are based on one third of the unpaid balance and are automatically transferred from the Member's Share Draft Account.
- Minimum Advance: $100 increments or available amount of less than $100.
- Interest Rate: Based on borrower's credit score.
- Processing Fee: Refer to fee schedule.
- Early Payoff Penalty: None
- Interest: Simple interest based on a 365 daily accrual.
- Monthly Payment: Payments are due on the 25th of each month and are automatically transferred from the Share Draft Account.
