Courtesy Pay Policy
General Policy Statement
It is the policy of Christian Community Credit Union to comply with all applicable laws and regulations and to conduct business in accordance with applicable safety and soundness standards.
Guidelines
The Share Account Agreement and Disclosure provided to you at the time you opened your account with us controls the duties, obligations and rights of the Depositor, the Authorized Signatories and Christian Community CU with regard to your checking account.
The Deposit Account Agreement (and all amendments thereto) and its terms shall control any possible conflict, if any, between any provision of this Courtesy Pay Overdraft Protection Policy and the Share Account Agreement and Disclosure. A copy of the Share Account Agreement and Disclosure is available to you on request. Courtesy Pay Overdraft Protection is not a line of credit. However, if you inadvertently overdraw your account, we will have the discretion to pay the overdraft, subject to your Overdraft Limit and the amount of the overdraft fee. Christian Community CU is not obligated to pay any item presented for payment if your account does not contain sufficient available funds. Any discretionary payment by Christian Community CU of an overdraft check (or item, such as an ATM withdrawal) does not obligate Christian Community CU to pay any other overdraft check (or item), or to provide prior notice of its decision to refuse to pay such check (or item). Pursuant to Christian Community CU’s commitment to always provide you with the best level of service, now and in the future, if your consumer account (primarily used for personal and household purposes) has been open for at least sixty (60) days, or if your Business, Commercial or Ministry account has been open for at least thirty (30) days, and thereafter you maintain your account in good standing, which includes at least:
A) Bringing your account to a positive balance within every thirty (30) day period for a minimum period of 24 hours;
B) Not being in default on any loan or other obligation to Christian Community CU and
C) Not being subject to any legal or administrative order or levy.
Christian Community CU will have the discretion to pay overdrafts within the Overdraft Protection limits, but payment by Christian Community CU is a courtesy and not a right of the member or an obligation of Christian Community CU.
Courtesy Pay Overdraft Limits
The Courtesy Pay Overdraft Limits will generally be limited to:
- Student Checking Accounts $250 (accounts opened prior to January 1, 2026)
- Basic and Interest Checking Accounts $750
- Ministry Checking Accounts $2,500
- Corporate Checking Accounts $2,500
- Business Checking Accounts $1,500
Of course, any and all fees and charges, including, without limitation, the non-sufficient funds fees (as set forth in our fee schedules and deposit account agreement and disclosure), will be included as part of this maximum amount. It may be possible that your account will become overdrawn in excess of the Overdraft Limit amount as a result of the assessment of a fee.
The total of the discretionary Overdraft Protection (negative) balance, which includes any and all fees and charges, including all non-sufficient funds/overdraft fees is due and payable upon demand, and Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all such amounts, as described in the Deposit Account Agreement and Disclosure. Our standard Overdraft/Courtesy Pay fee of $14 each time the item is presented ($126 max/day) will be imposed for overdrafts created by checks, ACH, ATM withdrawals, everyday debit card transactions, in-person withdrawals, or by other electronic means. Transactions may not be processed in the order in which they occurred, and the order in which transactions are received and processed may impact the total amount of fees incurred.
While Christian Community CU will have the discretion to pay overdrafts on accounts in good standing (as described above), any such payment is a discretionary courtesy, and not a right of the member or an obligation of Christian Community CU and Christian Community CU in its sole and absolute discretion, can cease paying overdrafts at any time without prior notice of reason or cause.
New Regulation E Opt-In Requirement
Under Regulation E, the Credit Union must obtain your affirmative consent (“opt-in”) before applying Courtesy Pay Overdraft Protection to everyday debit card and ATM transactions. If you do not opt in, these transactions will generally be declined when your available balance is insufficient, and you will not be charged overdraft fees for these specific items.
The Credit Union will provide you with the required opt-in notice, instructions, and contact information. You may opt in for Debit and ATM transactions at any time:
- By phone
- In person
- By mail
- By fax
- By email
- Via online banking
Upon receiving your opt-in request, we will send written confirmation as required under Regulation E 12 CFR 1005.17(b).
Courtesy Pay will continue to apply to checks, ACH transactions, and recurring or automatic bill payments unless you separately choose to opt out.
Opt-Out of the Courtesy Pay Program
Members may opt out of Courtesy Pay Overdraft Protection at any time. Opt-out requests may be submitted:
- By phone
- In person
- By mail
- By fax
- By email
- Via online banking
Once processed, the Credit Union will no longer authorize or pay overdrafts under the Courtesy Pay program, except where required by law or regulation.