Overdraft Protection Loan
Overdrafts can happen to anyone. An error in math, an overlooked ATM withdrawal, or forgetting to make a deposit can all cause a check written in good faith to be returned. A SchoolsFirst FCU Overdraft Protection Loan can help eliminate the embarrassment and expense of an overdrawn check. With this loan, funds will be automatically transferred to your SchoolsFirst FCU Checking account to cover the check(s), up to your available credit limit.
Features
- No monthly service or usage fee
- Monthly payments of 3% of the balance, or $25, whichever is greater
- Access to funds available only through overdraft of your SchoolsFirst FCU Checking account
Overdraft Protection Loan Rates
The rates quoted are effective as of 3/14/2010 and are subject to change without notice.
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APR
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Loan Amounts
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Terms in Months
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 |
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12.90% - 17.90%
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Up to $5,000
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Revolving
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 |
SchoolsFirst FCU's maximum aggregate personal loan limit is $50,000 per qualifying Member. This includes all individual and joint personal loan credit combined.
* SchoolsFirst FCU has a loan program which features a range of interest rates for some of its
consumer loans. A rate is based on a variety of factors, including the applicant's
credit rating and SchoolsFirst FCU account history. These rates reflect a ¾ percentage point
discount for payment through automatic transfer from an SchoolsFirst FCU Share Savings or
Checking account.
