Member Privileges®

Having a check, or an EFT returned due to insufficient funds can be a costly and humiliating experience. That’s why we provide “Member Privilege®,” a special overdraft privilege for NAS JRB Credit Union’s members. It gives you an added level of protection against unanticipated cash flow emergencies and account reconciliation errors. 

At NAS JRB Credit Union, we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly. The purpose of this privilege is to save you from the embarrassment, additional merchant fees or other problems that might result if a check is returned.

Member Privilege® is an overdraft privilege limit that is automatically assigned to your account. There is no action required on your part. You do not need to sign anything. As long as you maintain your account in good standing (defined as making regular deposits and bringing your account to a positive balance at least once every 30 days, NAS JRB Credit Union may honor overdrafts up to the Member Privilege limit on your account.  By keeping accurate records and knowing your balance, you can avoid mistakenly accessing your limit and incurring NSF fees.  Use your checkbook register to keep track of you deposits, written checks, withdrawals and ATM or check card transactions.  Always reconcile your register with your monthly statement.

There is no additional cost associated with this privilege unless you use it.  However, you should keep in mind that you will be charged our standard NSF fee of $20 for each item paid under the limit.  Your Member Privilege® limit is $400.  If you have multiple accounts for you household, you may have a limit on all eligible accounts. This privilege will cover shortages for share drafts (checks), EFT’s, ATM withdrawals, and check card purchases. If you do not want to incur a $20 fee for using this service you must know your balance before you make a purchase with your check card or a withdrawal from an ATM machine. 

You will receive an overdraft notice in the mail each time items are paid. Over drafts above and beyond your established limit may result in a check or checks being returned to the payee. The standard NSF fee will be charged per item and assessed to your account. Your account must be brought back to a positive balance within 30 days. If you are unable to do so, you should make arrangements with us as soon as possible or your overdraft privilege limit may be suspended and other steps to recover funds may be taken. 

After having a checking account in good standing for 90 days, you will receive Member Privilege®. You are not required to have Member Privilege® and if would like to have this service removed, no problem, we simply ask that you sign and date a removal form for our records. If you would like to have Member Privilege® added back to your account, a form with your signature and date is required.