Overdraft Protection
Offers a safety net in the event a transaction overdraws your account.
- Used to protect transaction accounts from having a negative balance
- Provides peace of mind in knowing payments will be honored
- We offer multiple options available for you to protect your account from being drawn negative
- Overdraft from another MCCU account (Savings, Secondary Savings, etc.)
- Free to set up and utilize
- Helps avoid NSF fees
- Uses funds in your other accounts to honor payments
- Always there when you need it
- Overdraft Protection Line of Credit
- Helps avoid NSF fees
- Revolving line of credit - pay interest only on the amount you overdraft
- Always there when you need it
- Overdraft from another MCCU account (Savings, Secondary Savings, etc.)
Personal Loans
Effective Date: Tuesday November 12, 2024
Name | Rates as low as | Terms up to |
---|---|---|
Personal Loan | 9.99% APR* | 60 Months |
Sound Foundation | 5.53% APR* | 36 Months |
Variable rate based on prime rate plus margin | ||
Cash on Demand | 11.50% | Revolving |
Variable rate based on share rate plus margin | ||
Overdraft Protection Line of Credit | 12.00% | Revolving |
Variable rate based on prime rate plus margin | ||
*APR = Annual Percentage Rate |