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

One of the largest credit unions on New York’s Long Island, Jovia Financial Credit Union, became the latest credit union to eliminate overdraft and non-sufficient funds (NSF) fees. The credit union took the fee elimination to a new level by also restructuring its line of checking account products to reflect a more member-friendly approach.

The announcement on Monday from the Westbury, N.Y.-based Jovia Financial ($3.9 billion in assets, 206,572 members) stated it launched a new “CareFree Checking” product line with no overdraft or NSF fees “designed to empower the residents, employees, students and business owners of Nassau and Suffolk Counties by giving them access to appropriate, affordable and timely financial products and services.”

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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