Navigant Credit Union announces changes to enhance members’ overdraft protections
Elimination of certain overdraft fees, changes to fee schedule to take effect September 10
SMITHFIELD, RI (September 12, 2024) — Navigant Credit Union, the longest-operating and largest member-owned credit union in Rhode Island, has introduced policy changes to offer enhanced, more flexible overdraft protections for its members.
Effective immediately, as part of Navigant Credit Union’s commitment to provide members with the best banking experience possible, fee schedules for its Consumer and Business Account members has changed. Specific changes taking effect include the elimination of Navigant Credit Union’s Overdraft Transfer Fee (previously $3) and the fee for our Returned Insufficient/Uncollected Funds (previously $34). Additionally, the fee for Paid Insufficient/Uncollected Funds is being lowered.
“More often than not, overdrafts are the result of simple oversights like forgetting to deposit a check or transfer funds from separate accounts, and we don’t believe our members should be penalized for that” said Navigant Credit Union President / CEO Kathy Orovitz. “Our goal in everything we do is to help our members improve their financial well-being, and we are proud to be a leading financial institution in Rhode Island to roll out these protections.”
A full summary of Navigant Credit Union’s new policies can be found at: navigantcu.org/ODP
About Navigant Credit Union
Based in Smithfield, R.I., Navigant Credit Union is the longest-operating member-owned credit union in Rhode Island. Since its founding in 1915, Navigant Credit Union has been dedicated to providing its members with unparalleled financial products and services while working every day to improve the financial well-being of the families, businesses, and communities it serves across Rhode Island. With more than $3.7 billion in assets, more than 150,000 members and 26 physical branch locations, Navigant Credit Union is the oldest and largest credit union in Rhode Island and among the state’s strongest and most trusted financial institutions.
Earning a five-star rating, Navigant Credit Union was listed as one of America’s best regional banks and credit unions by Newsweek in 2024. It is consistently ranked as one of Rhode Island’s Best Place to Work by Providence Business News and was rated the state’s top credit union and mortgage lender in 2022 and 2023 by the Providence Journal Readers’ Choice Awards.
Navigant Credit Union is federally insured by the NCUA.
Visit www.navigantcu.org to learn more.
