Checking:  A new federal banking regulation requires credit unions to do away with checking account coverage unless members inform their credit union, in writing, that they want it.

"Opt In" - Important Information on Keeping Your Current Checking Account Coverage

Click here for the form to agree to keep your Current Checking Account coverage.

Why Opt-In?
Carolina Postal Credit Union's Member Privilege is designed for your protection and convenience. The vast majority of our members do not overdraw their accounts and incur fees, however, overdrafts can occur. Without Member Privilege, every day debit card transactions & ATM withdrawals may be declined if you attempt to make a purchase without sufficient funds in your CPCU account.

What other options do I have?
We encourage all members to set up regular payroll allotments/deductions to build an emergency 'nest egg' in their share account to cover unexpected expenses. Another option would be to apply for and open a CPCU overdraft line-of-credit to cover purchases.

Please contact us if you would like more information on additional choices you can make to protect your debit card purchases through your CPCU checking account.

How do I Opt-In?
Members that currently have Member Privilege for their CPCU Checking Accounts will receive a letter explaining their options and providing them with an Opt In Form.  Members may also contact us at any CPCU branch or click here for the form. The signed Opt-In Form must be returned back to us before June 18, 2010 to continue current coverage.  Once you "Opt-In" for this coverage you may rescind at any time. If you miss the deadline of June 18, 2010, you may still "Opt-In" if you wish.  Just contact us or click here for the form, print, sign and return the Opt-In form to any CPCU branch.

What is Opt In and Member Privilege?:  Federal lawmakers created new rules for overdraft protection programs that went into effect July 1, 2010. As a result you must "opt in" or agree in writing to continue the coverage you may have had with us for our overdraft protection program: Member Privilege.

CPCU's Member Privilege covers everyday debit card transactions and ATM withdrawals and fees are incurred with each overdraft. Please note that this federal regulation only applies to everyday debit card transactions and ATM withdrawals. The new federal regulation does NOT apply to Member Privilege coverage of written checks and recurring debit transactions such as health club memberships, utility bills, etc.