Community First Credit Union is pleased to provide our personal and business account members with a valuable service, Overdraft Privilege. Overdraft Privilege is a service that helps our members avoid embarrassment and charges from merchants by paying items that would have been declined due to insufficient funds.
As a result of changes to federal laws, we will need you to authorize us to provide you with overdraft coverage on ATM withdrawals and debit card purchases. If you would like for Community First to strive to pay the overdrafts on your debit card transactions, please call a Member Service Representative at 904.354.8537 or toll free at 800.342.8416, giving them authorization to enroll you in Overdraft Privilege.
Even if you do not request overdraft coverage on ATM withdrawals and debit card purchases, we may still pay your overdrafts for other types of transactions, including checks. Having overdraft coverage, however, does not guarantee that we will pay all of your overdrafts. If your item is covered by Overdraft Privilege, a $32 overdraft fee applies to each item.
If you do not wish to have any level of Overdraft Privilege coverage, such as ACH or Check coverage, please call a Member Service Representative at 904.354.8537 or toll free at 800.342.8416, giving them authorization to opt you out of Overdraft Privilege.
We will charge you an Overdraft Privilege fee of $32 each time we pay an overdraft.
There is no limit on the total fees we can charge for overdrawing your account.
Other Ways We Can Cover Your Overdrafts
We offer other ways of covering your overdrafts, such as linking your account to another account with us or an overdraft line of credit. To learn more about these options, contact us at 904.354.8537 or toll free at 800.342.8416.
Here’s an example of How You Save Money:
|Here’s an example of How You Save Money:||Without Overdraft Privilege||With Overdraft Privilege|
|Non-Sufficient Funds Fee:||$32||None|
|Merchant Fee:||$25 or more||None|
|Overdraft Privilege Fee:||N/A||$32|
|Total Fees:||$55 or more||$32|
Note: The account balance must be brought to a positive balance for 48 hours within every 20-day period. While Community First will typically pay overdrafts on accounts in good standing, payment is a discretionary courtesy, and not a right or obligation. Community First may, in our sole and absolute discretion, cease paying overdrafts at any time without prior notice of reason or cause.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Community First Credit Union of Florida has contracted with CFS to make non-deposit investment products and services available to credit union members.
Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Even though rates have crept up over the last couple of months, refinancing may make sense for you. Use our refinance calculator to analyze your situation today!
The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). Use our mortgage calculator to see the impact of these variables along with an amortization schedule.