AmeriCU News & Information

You need to know.
The choice is yours.

HOW TO KEEP YOUR DEBIT CARD MEMBER PRIVILEGE®.

A new regulation requires us to make some changes to services on your account. Effective August 15th, everyday debit card purchases and ATM transactions will no longer be covered by your Member Privilege service. If you do not have enough money in your account or the funds are not yet available, your card will be denied.

If you want to continue to have this valuable safety net in case of an emergency, you must let us know you want this service or you will lose this flexibility. If you want AmeriCU Credit Union to authorize and pay overdrafts on ATM and everyday debit card transactions, visit www.americu.org and click Account Login to access AmeriCU’s Online Services, contact our Call Center at 800.388.2000 or ask to speak with a Member Service Representative.

Please take the time to consider the ways you use your account and debit card and make the choice that is right for you and your family.

Member Privilege is a convenient service that provides you and your family with financial flexibility in times when you may not have sufficient funds in your account.

Examples of everyday debit card purchases are:

Grocery Stores
Restaurants
Gas Stations
Doctor Office
Pharmacy
Dry Cleaner
Anytime you use your debit card for a one-time transaction

The choice is always yours. We are here to answer your questions...TALK TO US!

The effective date of the change is August 15, 2010, for accounts opened before July 1, 2010. For accounts opened after July 1, 2010, the effective date of the change is July 1, 2010. Beginning August 15, 2010, we will not authorize and pay overdrafts on ATM and everyday debit card transactions without account holder consent. An overdraft (OD) fee or insufficient funds (NSF) fee of up to $25 will be charged for covering overdrafts that result in a negative balance at the end of the day. Overdrafts may be created by check, ACH, online banking transactions, phone transactions or other electronic means. Recurring debit card transactions (payments that are set up to bill and pay automatically) such as automatic draft from your health club or insurance company may continue to be covered by your overdraft service. Once an overdraft has occurred you are required to bring your account to a positive balance within 30 days. We reserve the right not to pay if your account is not in good standing. Contact us if you have questions.