TO: Member Support
Coast Central Credit Union
SUBJECT: NSF fees on Debit Card transactions
My wife and I have been members of Coast Central for quite awhile (10-15 years). Up until very recently we have never been charged a “Non Sufficient Funds” fee on a Debit Card transaction. It’s actually the reason we do not write checks, because those have always been subject to such fees.
When I use my Visa (charge card) for a transaction, Visa does not charge me a fee if I don’t have enough in my account. Why are Debit Cards suddenly being treated differently?
Does this mean I will be charged an NSF fee at the Co-Op if I attempt to pay for my groceries and my balance is too low?
When was this new policy enacted?
Why wasn’t I notified, in writing (via USPS) of this change?
You might lose a member over this policy.
I will certainly bring it up in social media.
You might lose A LOT of members over this. If a credit union is acting like a for-profit bank, why use credit unions?
I might share this letter with the North Coast Journal. It will certainly be shared on my blog. (https://el.urgod.org)
