Debit card being swiped through a card reader at a store. Debit transactions. (Source: Shutterstock)

Officials from the Palo Alto, Calif.-based Stanford Federal Credit Union on Thursday announced the full elimination of its non-sufficient funds (NSF) fees program. Adding to that announcement, officials said the credit union is eyeing a complete overhaul of its entire overdraft protection program and unveiling it later this year.

According to the announcement from Stanford FCU ($3.8 billion in assets, 80,085 members), its NSF fees were dropped on April 1 as way to improve the financial lives of its members.

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Michael Ogden

Editor-in-Chief for CU Times.

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