What is the purpose of the Line of Credit (LOC) fee?
The LOC is an overdraft option for checking accounts that can save members money and avoid the embarrassment of having a check returned for non-sufficient funds. Maintaining the overdraft option according to the laws generates significant costs. The LOC fees help offset these costs.
Why am I being charged the single account fee?
The single account quarterly fee helps cover the cost of maintaining the account. The fee is minimal, and can be waived entirely by maintaining a daily balance of $200.
