Courtesy Pay Policy

(A Discretionary Overdraft Service)
It is the policy of Complex Community FCU (“the Credit Union”) to comply with applicable laws and regulations and to conduct business with applicable safety and soundness standards.
A non-sufficient funds (negative) balance may result from: A) The payment of checks, electronic funds transfers, or other withdrawal requests; B) Payments authorized by members; C) The return, unpaid, of items deposited by members; D) The imposition of applicable service charges; E) The deposit of items which according to the Credit Union’s Funds Availability Policy, are treated as not yet “available” or finally paid.

Complex Community FCU is not obligated to pay item presented for payment if an account does not contain sufficient collected funds. Rather than automatically returning, unpaid, any non-sufficient funds items that may occur, if the eligible account (primarily used for personal and household purposes) has been open for at least sixty (60) days and thereafter the account is maintained in good standing, which includes at least: (A) Continuing to make deposits consistent with past practices, and depositing at least $400.00 or more in the account within each thirty (30) day period., (B) The member is not in default on any loan obligation to the Credit Union, (C) The account is brought to a positive balance (not overdrawn) at least once every thirty (30) days, and (D) The account is not the subject of any legal or administrative order or levy, Complex Community FCU will consider, without obligation on the Credit Union’s part approving reasonable overdrafts. This discretionary *service will generally be limited to a $400 (negative) balance for Free Checking accounts, $700 overdraft (negative) balance for Members Advantage personal checking accounts (subject to approval). Of course, any and all fees and charges, including without limitation the Credit Union’s non-sufficient funds/overdraft fees of $25 per item will be included in this limit and will apply to any transaction that overdraws an account including, but not limited to, payments authorized by Checks, ACH/ Electronic Items, ATM/ Debit Card/ Check Cards, Internet Banking/ Online Banking and Telephone Banking Transactions.

Complex Community FCU may refuse to pay an overdraft on any account at any time, even though the account is in good standing and even though the Credit Union may have previously paid overdrafts on an account. Members will be notified by mail of any non-sufficient funds items paid or returned that may occur; however, the Credit Union has no obligation to send notification before any item is paid or returned. The amount of any overdrafts plus the Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s) that are owed shall be due and payable upon demand. If an overdraft is paid by the Credit Union on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts plus our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s).
LIMITATIONS: Available only to eligible personal checking accounts primarily used for personal and household purposes. All Business Type Accounts, All Savings Type Accounts, All Money Market Accounts, All Public Fund/ Charitable Organization Accounts and Student Minor Accounts are not eligible. We may limit the number of accounts eligible for Overdraft Privilege *Service to one account per household.

*The Overdraft Privilege Service does not constitute an actual or implied agreement between members and the Credit Union. Nor does it constitute an actual or implied obligation of or by the Credit Union. This service represents a purely discretionary courtesy or privilege that the Credit Union may provide to members from time to time and which may be withdrawn or withheld by the Credit Union at any time without prior notice or reason or cause.