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Overdraft & NSF Fees Continue Dropping at CUs

Connexus Credit Union says it has reduced its fees by more than 80%.

pile of cash Source: Shutterstock.

To “support more equitable banking and increase giveback dollars” for members, the Wausau, Wis.-based Connexus Credit Union said it slashed its overdraft and non-sufficient funds (NSF) fees this week by 86%.

In a statement, Connexus said it reduced overdraft and NSF fees from $29.95 to $4 per occurrence and will cap the fees to two per day. The credit union said this decision “is consistent with Connexus’ commitment to investing in their members and prioritizing their financial goals. The reduction makes Connexus’ fee structure one of the most competitive in the nation and was designed to keep more dollars in the pockets of member-owners.”

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times.

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