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A stronger voice to advance the credit union industry.

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Overdraft Protection

Empower Consumers to Manage Finances

Consumers turn to overdraft protection as a flexible option during times of financial distress. In some cases, the opt-in decision is made for the peace of mind these services provide. 

 Why you should care

  • Overdraft programs are both a convenience and a benefit.
  • A credit union’s ability to offer overdraft protection helps members resolve short-term financial difficulties without having to turn to predatory payday lending.  
  • Credit unions are constantly exploring and adopting changes to overdraft programs to secure the financial well-being of their members and community. 

Where we stand

The scope of regulations that apply to overdraft protection programs is extensive. We oppose legislation or regulation intended to restrict the ability of credit unions to offer overdraft protection options that help members resolve short-term financial difficulties.

What you can do 

Oppose legislation or regulation intended to restrict overdraft protection options consumers rely on for peace of mind. 

Take Action

Contact CUNA

Alexander Monterrubio

Senior Director, Advocacy & Counsel

Email Alexander

Engage Your Members of Congress

We have various resources you can use to learn more about this issue and engage your local lawmakers.

Contact your Members of Congress

Letters sent to Senate Banking Subcommittee prior to hearing on Overdraft Protection

 CUNA wrote to the Senate Banking Subcommittee prior to the hearing entitled: "Examining Overdraft Fees and Their Effects on Working Families."

Read CUNA's Letter


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Joint trade letter on overdraft research

CUNA joined trades in writing to the CFPB responding to the two overdraft data points released.

The letters cautions the Bureau against taking any regulatory action on overdraft prior to conducting additional research and offer several suggestions for additional data development and analysis.

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Letters sent to HFSC Subcommittee prior to hearing on Overdraft

On March 30, CUNA wrote to the House Financial Services Subcommittee prior to the hearing re: The End of Overdraft Fees? Examining the Movement to Eliminate the Fees Costing Consumers Billions.” 

Read the letter


On March 31, CUNA joined NAFCU is sending a letter prior to the hearing as well.  Read the joint letter

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