Keep Your Debit Or ATM Card Working The Way It Does Now...
Answers to your questions about MVCU's Debit Overdraft Service known as Courtesy Pay
- Why should I keep MVCU's Debit Overdraft Service Courtesy Pay?
It's a service you already have, and may frequently depend on. If you like the way your debit and ATM card works today, it probably makes sense to keep your coverage.
- Is there a deadline to make this decision?
To keep coverage uninterrupted, we would like to hear from you as soon as possible, and before August 15, 2010.
- What happens if I do nothing?
If we do not hear from you, your Debit Overdraft Service Courtesy Pay will end on August 15, 2010, and we will no longer be able to give you the levels of convenience you now have. That means your debit purchase or ATM withdrawal will be declined -- even in an emergency -- if you do not have enough funds in your account to cover the purchase or withdrawal.
- Does MVCU's Debit Overdraft Service Courtesy Pay always cover my overdrafts?
Not always. The service is discretionary, and is based on your spending patterns and account history.
There is no cost to keep this service available, and fees only apply if you use it.
- Do you offer overdraft coverage alternatives?
Yes! And we'll be happy to go over them with you. But even if you already have overdraft protection plans, MVCU's Debit Overdraft Service Courtesy Pay can be an additional safety net when you need it.
Great Reasons to keep MVCU's Courtesy Pay 
Convenient -- Use this convenient backup if you are low on funds and have to pay an unexpected emergency
Flexible -- Suppose you're making a purchase and realize that you forgot to transfer money into your checking account to cover it. We could approve your purchase or ATM withdrawal on the spot.
Valuable -- What's the cost to keep this coverage in place? Nothing. Standard overdraft fees only apply when you use it. Why take the chance on paying up to $100 in fees when MVCU's Courtesy Pay only would cost you $30 (based on 1 item overdraft).
Easy -- This is a service you already have. All we need is your permission to keep it in place, so you can retain this extra level of protection in case you need it!
Best Car Deal Starts Right Here!
Time to replace your old ride wiith a new one? You'll get more for your money when you make MVCU your first stop. Talking with one of our loan experts will help you sort through your options. For example, zero percent financing offer from the dealer may sound unbeatable, but it may be to your advantage to take the rebate and finance the car with a credit union loan. Or by purchasing a previously owned vehicle instead of a new one, you duck the depreciation hit. A car can lose up to 2/3rd's of its value in the first 3 years. Whether you buy a new car or one that's new-to-you, put yourself in the best negotiation position by getting pre-approved for the loan. But, don't show your hand until the dealer has quoted you the best price. If you reveal you have financing pre-arranged, it's likely the "best price" really isn't. That's because the dealership knows it won't be making any profit on its financing and will try to make it up on the price of the vehicle.
MVCU wants to help you get the best possible deal on your next vehicle purchase, so stop by the Credit Union today! Let us help you get into the driver's seat with a pre-approved loan. Check out these great rates and others.
2010 Auto -- 2.99%APR -- 72 Month Term
2009 Auto -- 3.99%APR -- 72 Month Term
2008 Auto -- 4.99%APR -- 72 Month Term
See all RATES
APR= annual percentage rate
Here's The 411 On APR And APY
When you see an ad for a loan or for a savings certificate, you've probably noticed the terms "APR" and "APY." But what do they mean? APR stand for "annual percentage rate." This is the price you pay per dollar, per year for the credit you use. It's a standard measure required by law, and all else being equal, the lower the APR, the better the credit bargain. It helps you sort out loans with different fees and terms by providing an "apples to apples" comparison. For example, is a loan with a lower stated interest rate, but high fees, a better deal than one with a higher stated rate and low fees? Because APR calculations account for fees to determine a single rate you can quickly find the answer.
APY is "annual percentage yield" and its disclosure is also required by law. APY is the yardstick for the interest being paid on savings accounts or certificates. The higher the APY, the more money you'll earn on your savings. It, too, helps you make accurate comparisons between savings vehicles.
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