An overdraft occurs when you do not have enough available funds in your account to cover a transaction and the credit union pays the item anyway. Transactions include ATM withdrawals, debit card purchases, checks and electronic (ACH) payments.

Progressions Credit Union offers overdraft protection automatically from your basic savings account. If funds are available in your basic savings account, Progressions Credit Union will automatically transfer funds to cover your checking account. Up to an additional 4 savings account or a personal line of credit may also be setup to cover overdrafts.

Progressions Credit Union also offers Overdraft Privilege to cover overdrafts on checking accounts. Overdraft Privilege means that we may, in our discretion, honor and pay your checks or items drawn against insufficient funds so that the items are not returned unpaid. A fee will be assessed for each item paid utilizing Overdraft Privilege.