An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We offer overdraft protection plans, such as a link to a savings account, an overdraft line of credit and Courtesy Pay. To learn more ask us about these plans.
Overdraft Line of Credit
- In addition to having money transferred from saving(s), you can apply to have an additional overdraft line of credit.
- Payroll deduction and automatic share transfer repayment available
- Optional credit life and disability insurance is available
- Establishes credit history for new borrowers
- No prepayment penalty
Members may be approved for an overdraft line of credit up to $1,000. The payment for using this added feature is $91/mo.
The payment will always be due on the last day of each month and will be set up to transfer automatically from your share account.
Contact a LISEFCU representative today to apply for our overdraft line of credit.