Michigan State University Federal Credit Union (MSUFCU) Launches Balance Shield for Checking Accounts

MSUFCU introduces feature allowing members to take checking accounts negative up to $5.00 without incurring fees.

EAST LANSING, MI – MSUFCU introduces Balance Shield, a new checking account feature that allows members to overdraft their accounts up to $5.00 without being assessed fees regardless of the reasons an account is overdrawn or the number of transactions it takes an account to become overdrawn. The new feature applies to all personal checking accounts with Courtesy Pay and associated debit cards with Courtesy Pay for Debit protection at MSUFCU.

April Clobes, MSUFCU’s Executive Vice President and Chief Operating Officer, states, “At MSUFCU, it is always our goal to provide exceptional products and services for all our members. We evaluate our services on a regular basis to ensure we offer fair and reasonable policies that work in our members’ best interests.”

Clobes continues, “Whether it’s an emergency or simply a case of forgetfulness, we understand that overdrafts can happen. We offer a variety of free services to help our members avoid overdrawn accounts, and Balance Shield provides an additional way for our members to incur small overdrafts without being assessed fees.”

In addition to its overdraft protection services and new Balance Shield feature, MSUFCU also aims to help members avoid fees with its check clearing policies. When clearing multiple checks that post to an MSUFCU account on the same day, MSUFCU clears the checks in order of lowest dollar amount to highest dollar amount. This practice helps members clear more checks and reduces fees if funds are not available in an account to cover every check.

MSU Federal Credit Union, the world’s largest university-based credit union, offers a full range of personal- and business-related financial services to Michigan State University and Oakland University faculty, staff, students, alumni association members, and their families worldwide in addition to a variety of select employee groups. Founded in 1937 by a few MSU professors and employees, MSUFCU now has eleven branches, over 170,000 members, more than $2.3 billion in assets, and over 490 employees.

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