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Overdrafts Bring New Opportunities for Credit Unions, Survey Finds

New survey by Michael Moebs finds overdraft volume is down at banks but up at credit unions.

By Amanda Bronstad | July 10, 2020 at 01:07 PM
overdraft fee statement with cash and coins Source: Shutterstock.

When it comes to overdraft services, banks are getting out, but credit unions are stepping in.

That’s according to a recent study by Moebs $ervices, an economic research firm, which found that overdraft volume was down 28.7% at banks but up 20% at credit unions since 2007, just before the Great Recession of 2008.

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