There are several ways to avoid a bounced check at Upper Cumberland FCU:

Keep additional cash in your primary share account or a "Wish Account" club account.  If the credit union computer transfers funds to cover an NSF check, the fee is only $4 per overdraft.  The credit union recommends this method as the most economical form of overdraft protection.

The second best option for overdraft protection is to apply for a credit union Line-Of-Credit.  The Line-Of-Credit can be programmed at your request to transfer funds into your checking to cover an overdraft.  If the credit union computer system transfers funds from the Line-Of-Credit to cover an overdraft, the fee is $2 PLUS any interest that accrues on the loan balance until the loan is repaid by you.

If none of the above methods helps your situation, you may be eligible for "Paid 4 You".  "Paid 4 You" allows a share draft checking account to overdraw without bouncing the check (up to a maximum limit of $600).  The fee per "Paid 4 You" is $30 per item (check, debit card, or electronic debits such as an ACH item).

This optional benefit is only available for checking accounts in good standing that have been open for a minimum of three months and for members who regularly make at least $100 in deposits to the account each month.  Any overdrawn item should be repaid to the credit union within 15 days or this benefit is deactivated for the member.  Also, if the member is 15 days delinquent on a credit union loan payment, this service is also deactivated until the loan is up-to-date.

The credit union encourages each member to keep their checkbook balanced so as to avoid ANY FEES related to an overdrawn item.  However, if you make a mistake in balancing, we are proud to offer options that can keep your overdrawn item from bouncing to another business that may result in even more penalties from the merchant.

If you need assistance in learning how to balance your checkbook, please call (931) 484-9433, extension 136 or extension 131.  An appointment can be set up to discuss your situation for taking more control of your finances by using "Gabby" the telephone teller or E-Branch home banking.