It's imperative to separate the sensational misconceptions when it comes to overdraft, writes California and Nevada Credit Union Leagues President/CEO Diana Dykstra, adding that opting in to overdraft protection is a valued and worthwhile choice for many credit union members.
CUNA strongly objects to legislation, regulation and other government intervention to restrict the ability of credit unions to offer overdraft protection plans that help members resolve short-term financial difficulties, CUNA wrote in advance of a hearing on overdraft fees.
The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.