“Overdraft privilege is a discreet service that enables credit union members to avoid the embarrassment of 'making good' on an item with a valued retailer or creditor. It saves the consumer and the merchant time and productivity in straightening out a non-sufficient funds (NSF) situation.”
“Such programs also can prevent negative entries on their credit record or potential visits from law enforcement for inadvertent -- but repeated -- bad drafts. Automated programs like JMFA Overdraft Privilege also help identify troubled accounts for necessary counseling. A well-managed overdraft program is a win-win-win for the consumer, the retailer, and the financial institution.”
