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Protect yourself from the embarrassment and high costs of overdrafts with the Overdraft Coverage that suits your needs.
ALERT
As you likely have heard, stimulus payments are again being distributed. The timing of individual payments is controlled by the IRS, not by Valley First Credit Union. Please continue to use Online Banking and ValleyLine to check your balance and recent transactions.
Protect yourself from the embarrassment and high costs of overdrafts with the Overdraft Coverage that suits your needs.
| Overdraft Protection Linked Account |
Overdraft Protection Line of Credit |
Overdraft Privilege STANDARD Coverage |
Overdraft Privilege EXTENDED Coverage |
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Simply contact Member Service to request the Overdraft Coverage option(s) that fits your needs.
To request EXTENDED Coverage and to authorize us to pay overdrafts on ATM withdrawals and everyday debit card transactions, you may call Member Service, send a Secure Message within Online Banking or visit any branch.
1 APR=Annual Percentage Rate. All rates will be determined by your credit history. All loans are subject to approval. Rates, terms and conditions are subject to change. Must have an open checking account and all account holders must be included in the application. Membership requirements apply: Membership requires a savings account opened with an initial $25.00 deposit plus a $5.00 one-time membership fee, for a total of $30.00. New accounts subject to ChexSystems. Availability of Funds: Each advance is subject to availability of unused balance of credit line. Must advance in $100 increments. Repayment: Monthly payment of 5% of outstanding balance or minimum of $25, whichever is greater. Minimum Payment Warning: If you make only the minimum payment each period, you will pay more interest and it will take you longer to pay off your balance. For example, if you had a balance of $1,000 at an interest rate of 17.40% and always paid only the minimum required, it would take over 57 months to repay this balance. For an estimate of the time it would take to repay your actual balance making only minimum payments, call 1-877-549-4567.
2The credit union will pay overdrafts at our discretion and we do not guarantee that we will always authorize and pay any type of transaction. When we honor overdraft items, you must deposit funds immediately, but no more than 30 days from the date of the notice sent to you. The maximum dollar amount of overdrafts the credit union will cover for each member is $500, plus the $28 Overdraft Protection/Privilege Fee. Any fees imposed will reduce the maximum limit. There is a limit of seven (7) Overdraft Protection/Privilege Fees per day that we will charge to your account. While our payment of overdrafts is discretionary, we will not pay an overdraft if, but not limited to, when you are not in good standing with the credit union, the checking account hasn't been opened for a minimum of 60 days, a loan or other obligation to the credit union is past due or your account is subject to any legal or administrative order or levy.