Overdraft Coverage Options
Midwest Liberty Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
Overdraft Coverage Options
The choice is yours. Consider these to cover overdrafts:
| Service | Cost |
|---|---|
| Overdraft Protection link to another deposit account you have at Midwest Liberty Federal Credit Union.1 | No fee per transfer |
| Overdraft Protection Line of Credit1,2,3 | Subject to fees and interest |
| Overdraft Privilege Standard or Extended Coverage | $25 Overdraft Fee per item presented* |
1Call us at (308) 345-7040, email us at memberservices@midwestlibertyfcu.org, or come by the credit union to discuss these service(s); 2Subject to credit approval. 3Overdraft Protection Line of Credit is only available to consumer account holders.
* Per item presented means each time an item is presented, including representment.
Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account at Midwest Liberty Federal Credit Union for a fee; or a line of credit you have with us for a fee and finance charge. Please note that overdraft lines of credit are subject to credit approval.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know for other important information.
| Transactions Covered with Overdraft Privilege |
Standard Coverage (No action required) |
Extended Coverage (Your consent required on consumer accounts*) |
|---|---|---|
| Checks | X | X |
| ACH - Automatic Debits | X | X |
| Recurring Debit Card Transactions | X | X |
| Online Bill Pay Items | X | X |
| Teller Window Transactions | X | X |
| ATM transactions | X* | |
| Everyday Debit Card Transactions | X* |
*If you choose Extended Coverage on your consumer account, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage. If you already have Overdraft Privilege Extended Coverage, it is not necessary to request it again. Business accounts automatically have Extended Coverage.
If you would like to select Extended Coverage for future transactions:
call us at (308) 345-7040
complete the online consent form found here.
visit the credit union
complete a consent form and mail it to us at P.O. Box 385, McCook, NE 69001-0385
You can discontinue Overdraft Privilege in its entirety by contacting us at (308) 345-7040 or sending us an email at memberservices@midwestlibertyfcu.org.