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Protect your checking account against overdrafts. Overdraft Line of Credit protection can cover those times when you may need more money than you have available in your checking account. If you overdraw your checking account, HFCU will automatically deposit enough funds from your Overdraft Line of Credit to cover the overdraft amount. You pay interest only on the amount of the line used and avoid returned check fees.
| Type of Loan | Term | Variable APR* | Fixed APR* |
|---|---|---|---|
| Overdraft Line of Credit1 | N/A | 18.00% | N/A |
Overdraft Line of Credit Disclosures
*APR=Annual Percentage Rate. All extensions of credit are subject to credit approval. Actual rate may vary based on credit worthiness. Rates shown are the lowest rates offered for the loan product(s) advertised. Rate advertised are subject to change at any time. All rates are subject to change without notice. Contact a credit union employee for further details.
1 APR = Annual Percentage Rate. Minimum loan amount $500.00, maximum loan amount $2,500.00. All extensions of credit are subject to credit approval. The maximum Annual Percentage Rate (APR) that may be imposed is 18.00%. Actual rate may vary based on credit worthiness. Rates shown are the lowest rates offered for the loan product(s) advertised. Rate advertised are subject to change at any time. All rates are subject to change without notice. Contact a credit union employee for further details.
Overdraft Line of Credit FAQ
To apply for a loan with Heritage Financial Credit Union you must live, work, worship, volunteer or attend school in, or be a business or other legal entity located in Orange, Dutchess or Ulster Counties, New York or have an immediate family member who is already a member of Heritage Financial Credit Union. You will be required to become a member prior to loan closing with a $5 initial deposit in a savings account. Get started with your loan application online or visit us at your nearest branch, which can be found here. If you need more information, contact us.
The terms for an Overdraft Line of Credit are not applicable. Please refer to the Overdraft Line of Credit table for more information.
The variable APR for an Overdraft Line of Credit is 18.00%. Please refer to the Overdraft Line of Credit table for more information.
The fixed APR for an Overdraft Line of Credit is not applicable. Please refer to the Overdraft Line of Credit table for more information.
Overdraft Protection with Courtesy Pay from HFCU saves you from the inconvenience and embarrassment of insufficient funds in your account. Courtesy Pay is not a line of credit. HFCU will cover your overdrafts up to $500. There is a fee of $32 each time we pay an overdraft, but you will not be caught in the predicament of having your debit card transaction declined due to lack of funds. Plus, you’ll have the added measure of protecting your credit rating. Get started by signing up for Overdraft Protection with Courtesy Pay.
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