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Account Protection

Overdraft Protection

Life happens! University Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.

Overdraft Coverage Options

The choice is yours. Consider these ways to cover overdrafts:

Overdraft Protection Link to Another Deposit Account
you have at University Credit Union1
$5 fee per transfer
Overdraft Protection Line of Credit1, 2Subject to interest
Overdraft Privilege$22 ODP Fee per item
1 Call us at (800) 696-8628, email us at, or come by a branch to sign up or apply for these services; 2 subject to credit approval.

Share Transfer

Overdraft Protection linked to the savings account you have with UCU. For a $5 fee per transfer, UCU will automatically transfer funds to your checking account from your savings account.


The Linebacker Overdraft Protection is a line of credit that helps stop those occasional charges that cause your checking account to overdraw. Cover your checks from insufficient funds and protect yourself from check writing errors. Loan advances are made in $100 increments and credit limits are available up to $5,000.

The Linebacker Overdraft Protection line of credit is always available to you if you need it. You can have peace of mind that you’ll be protected in case of a mistake. It gives you the power to buy now and pay later.

Overdraft Privilege

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know and Discretionary Overdraft Privilege Policy.

Changes to the UCU Overdraft Privilege Program effective October 14, 2021:

  • We will charge you a fee of up to $22 each time we pay an overdraft
  • There is a daily limit of four fees we can charge you for overdrawing your account
  • Fees will not be assessed on transactions that are $7.00 or less


Transactions Covered with Overdraft Privilege
Standard Coverage
(No action required)
Extended Coverage
(Your consent required) *
ACH - Automatic Debits
Recurring Debit Card Payments
Online Bill Pay Items
Internet Banking Transfers
Telephone Banking
Teller Window Transactions
ATM Transactions
Everyday Debit Card Transactions
*If you choose Extended Coverage, ATM withdrawals and everyday debit card transactions will be included with the transactions listed under Standard Coverage.

Overdraft Privilege Extended Coverage Opt-In Form

University Credit Union offers several ways to opt-in for Overdraft Privilege Extended Coverage.

  1. Complete this form.
  2. Call UCU at 800.696.8628.
  3. Text UCU at 207.889.8600.
  4. Send UCU an email indicating that you would like to opt-in to overdraft protection, with your name and address. Please, DO NOT include your account number in the email.
  5. Contact a UCU representative through our Live Chat online feature.
  6. Online Banking: Login and click on the Overdraft Privilege tab to begin.

You can discontinue the Overdraft Privilege in its entirety by contacting us at 800.696.8628 or sending us an e-mail at

Accounts will be charged the standard ODP fee of $22 for handling each overdraft created by check, ACH, Point-of-Sale, ATM withdrawal, in-person withdrawal, or other electronic item that is paid and a $22 Overdrawn fee for items returned.  An overdrawn balance must be brought positive within 30 days.  We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty (30) day period for a minimum of one business day, if you default on any loan or other obligation to University Credit Union or if your account is subject to any legal or administrative order or levy.

What Else You Should Know

  • A link to another account or a line of credit may be a less expensive option than an overdraft. A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts. Good account management is the best way to avoid overdrafts. Use our mobile banking, Internet banking, and telephone banking services to keep track of your balance. For additional financial education resources, please visit
  • The $22 Overdraft Fee that is charged if you overdraw your account is the same fee amount that is charged if a check is returned as unpaid. If multiple items overdraw your account on the same day, each item will be assessed an appropriate Overdraft Fee or a Return Item Fee of $15. All fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn more than the Overdraft Privilege limit amount because of a fee.
  • For consumer accounts, there is a limit of four fees on the total Overdraft Fees per day we will charge.
  • If your account balance remains overdrawn for longer than 30 days, we will charge your account a collection fee of $15.00.
  • Our general policy is to post items throughout the day in the order in which they are received. However, because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Checks will be posted smallest to largest. Holds on funds and the order in which transactions are posted may impact the total amount of Overdraft Fees or Return Item Fees assessed.
  • Although under payment system rules, University Credit Union may be obligated to pay some unauthorized debit card transactions, University Credit Union will not authorize debit card or ATM transactions unless there are available funds (including Overdraft Coverage Options) to cover the transactions and any fee(s).
  • Giving us your consent to pay every day debit card and ATM overdrafts on your consumer account (Extended Coverage) may result in you incurring Overdraft Fees for transactions that we would otherwise be required to pay without assessing an Overdraft Fee. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit and may also help you avoid overdrafts in excess of your available balance that could result in suspension of your debit card. If you consent to Extended Coverage on your consumer account, it will remain on your account until you otherwise withdraw it.
  • University Credit Union authorizes and pays transactions using the available balance in your account. University Credit Union may place a hold on deposited funds in accordance with our Deposit Account Agreement and Disclosure, which will reduce the amount in your available balance. The available balance for checks, ACH items, and recurring debit card transactions is comprised of the ledger balance, less any holds on deposited funds and any debit card holds, plus the amount of the Overdraft Privilege limit and any available overdraft protection. The available balance for ATM and everyday debit card transactions on accounts with Standard Coverage is the ledger balance, less any holds on deposited funds and any debit card holds, plus any available overdraft protection, but does NOT include the Overdraft Privilege Limit. For accounts with Extended Coverage, the Overdraft Privilege Limit is included in the available balance for authorizing ATM and everyday debit card transactions.
  • Please be aware that the Overdraft Privilege amount is not included in your available balance provided through online banking, mobile banking or University Credit Union’s ATMs.
  • University Credit Union will place a hold on your account for any authorized debit card transaction until the transaction settles (usually within two business days) or as permitted by payment system rules. In some cases, the hold may exceed the amount of the transaction. When the hold ends, the funds will be added to the available balance in your account. If your account is overdrawn after the held funds are added to the available balance and the transaction is posted to the available balance, an Overdraft Fee may be assessed.
  • Except as described herein, University Credit Union will not pay items if your account does not contain available funds (including the Overdraft Privilege limit) to cover the item(s) and the amount of any fee(s).
  • University Credit Union may suspend your debit card if you incur overdrafts in excess of the available balance in your account, including any Overdraft Privilege limit. Debit cards on your account will remain suspended until you make sufficient deposits so that your available balance, taking into account any Overdraft Privilege limit, is positive and then you contact us.
  • University Credit Union may also suspend your debit card if your account is overdrawn more than 30 consecutive calendar days. Debit cards on your account will remain suspended until you make sufficient deposits so that your account balance is positive.
  • University Credit Union may also suspend your debit card if we are unable to contact you due to an incorrect mailing address or phone number(s). You must contact us with your correct mailing address and/or phone number(s) to have your debit card reinstated.
  • If your debit card is suspended, you will be unable to use your debit card for purchases or to access your account at the ATM, and if you use your debit card for recurring payments, e.g., utilities, you are responsible to make other arrangements for your recurring debit payment(s).
  • An Overdraft Privilege limit of $500 or $750 will be granted to eligible consumer and business checking accounts opened at least 30 days in good standing.
  • Overdraft Privilege is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any time without prior notice.
  • Overdraft Privilege may be discontinued if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within 30 days for a minimum of one business day. You must bring your account balance positive for at least one business day to have Overdraft Privilege reinstated.
  • Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Deposit Account Agreement and Disclosure. The total (negative) balance, including all fees and charges, is due and payable upon demand.

Share Insurance

Protecting your funds is our top priority, that's why all UCU deposit accounts are insured up to $500,000 ($250,000 insurance through NCUA and $250,000 insurance through Excess Share Insurance).

Click here for more information on NCUA's Share Insurance.
Click here for more information on Excess Share Insurance.

Individual AccountsJoint AccountsBusiness AccountsRetirement Accounts
National Credit Union Associationup to $250,000up to $250,000/Joint Ownerup to $250,000up to $250,000
Excess Share Insuranceup to $250,000up to $250,000/Joint Ownerup to $250,000up to $250,000
Total Insured Fundsup to $500,000up to $500,000/Joint Ownerup to $500,000up to $500,000

*Individual share accounts held by the same member are added together and are insured up to $500,000. Funds in joint accounts are insured separately from individual accounts up to $500,000. The funds that a particular joint owner has in all joint accounts held at UCU will be added together and insured up to $1,000,000. Traditional IRA, Roth IRA, and Keogh accounts are insured separately to $500,000 from other accounts that the member maintains at UCU.

Preventing Overdraft Fees

At UCU, we want to help you avoid any unnecessary fees. Click here to learn more about preventing overdraft fees.