Elimination of certain overdraft fees, changes to fee schedule to take effect September 10.
SMITHFIELD, RI (September 10, 2024) — Navigant Credit Union, the longest-operating and largest member-owned credit union in Rhode Island, has introduced policy changes to offer enhanced, more flexible overdraft protections for its members.
Effective immediately, as part of Navigant Credit Union’s commitment to provide members with the best banking experience possible, fee schedules for its Consumer and Business Account members has changed. Specific changes taking effect include the elimination of Navigant Credit Union’s Overdraft Transfer Fee (previously $3) and the fee for our Returned Insufficient/Uncollected Funds (previously $34). Additionally, the fee for Paid Insufficient/Uncollected Funds is being lowered.
“More often than not, overdrafts are the result of simple oversights like forgetting to deposit a check or transfer funds from separate accounts, and we don’t believe our members should be penalized for that” said Navigant Credit Union President / CEO Kathy Orovitz. “Our goal in everything we do is to help our members improve their financial well-being, and we are proud to be a leading financial institution in Rhode Island to roll out these protections.”
A full summary of Navigant Credit Union’s new policies can be found at: navigantcu.org/ODP
