A hand pulling money out of an ATM. Source: Shutterstock.

Add Iowa to the list of credit unions in Illinois, New Mexico, Florida, Wisconsin and Oklahoma that have either reduced or eliminated overdraft and non-sufficient funds (NSF) fees this year.

On Thursday, Affinity Credit Union ($139.7 million in assets, 13,387 members) in Des Moines, Iowa said beginning Nov. 1, the credit union will reduce its ATM and debit card purchase overdraft fees from $25 to $15 and eliminate overdraft fees for debit card transactions of $5 of less. According to the credit union, the reduction and elimination of the fees could result in a projected annual revenue loss of $200,000.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Michael Ogden

Editor-in-Chief for CU Times.

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.