Overdraft Line-of-Credit
We offer a $100 - $500 overdraft line-of-credit to provide members with an alternative to overdrawing their account or being hit with "NSF" (insufficient funds) fees. However, this only works if members routinely pay down their overdraft LOC balance. Our overdraft Line-of-Credit is payable at the end of each month with a $20 minimum payment. This is a helpful way for members to establish credit as well as provide them with a cushion when using their debit card. The line-of-credit is a revolving account, much like a credit card balance. There is a fixed rate of 13% APR on our Overdraft LOC. A larger line-of-credit is available, based on the following credit scores:
CREDIT SCORE |
MAXIMUM LINE-OF-CREDIT |
| A+ 740 and Up | $10,000 |
| A 680 - 739 | $10,000 |
| B 640 - 679 | $7,500 |
| C 600 - 639 | $5,000 |
| D 550 - 599 | $2,500 |
| E 549 and Less | $2,500 |
Our Members make the difference.
Member Since 1982
"I decided to become a founder and a member of Genesee Co-op Federal Credit Union because I wanted to help create, support and benefit from a cooperative alternative to mainstream financial institutions. It's important to me to know that my money supports a non-profit, community-based, socially-responsible saving and lending institution. Now more than ever, we need alternatives to the mega-banks that have made such a mess of our economy. I'm proud to have been a part of an institution that has helped thousands of people enter the world of credit, improve their financial standing and be treated with dignity. It's great to have witnessed the credit union’s evolution from a small group of food co-op members into an institution that serves a member-ownership that's diverse in age, race, ethnicity and socio-economic circumstance."