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Overdraft Protection Line of Credit

Apply 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

Application

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 loans@mynifcu.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.

Apply Today