Overdraft Protection Line of CreditApply for an Overdraft Line of Credit Online
With an overdraft protection loan funds are advanced to a credit union checking account to cover items when funds are not sufficient in the account.
- Maximum of $500
- $25 annual fee assessed February 1 of each year
- Funds automatically advanced in $50.00 increments
- $50 monthly payment due the last day of the month (when you carry a balance or your current balance if less than $50)
- No limits on how many times it will transfer
Conveniently apply online! Please be prepared to provide proof of income (i.e. your last two pay stubs, most recent W-2 or a statement from your financial institution showing two or more regular direct deposits). Proof of income can be emailed to email@example.com. NIU employees (only) are welcome to fill out the NIU's income verification form.
Loan processing takes approximately 24-48 hours to respond to a request. We make every effort to determine how we can help your financial well-being. In the instance we are not able to offer the loan requested, we will sometimes counteroffer a product or service we feel would help you.