If we have not heard from you by August 15, your account's current overdraft coverage will change!
Our current overdraft practice is to rely on your financial history to assist us in determining whether
or not to pay an overdrafting ATM or one-time debit transaction allowing your account to overdraft
to a negative balance. For this overdraft ability your account typically is assessed a fee. In order for
you to continue this service we need your consent authorizing us to do so.
Please click here to read the OPT-IN authorization disclosures.
You can send the signed authorization to us by: Mailing to 503 West Main Street, Morehead KY 40351
Faxing to 606-784-2202
Emailing the following paragraph using our Emessage center
I want the Credit Union to authorize and pay overdrafts on my ATM and everyday debit
card transactions. I understand I will be charged fees as listed on the OPT-IN authorization discloures.
For a Summer Skip-A-Pay Coupon please click here, you can fax the completed form to us at 606-784-2201 or mail it to PO Box 949 Morehead KY 40351. The $20 fee must be available at time of request.
* Home Equity Lines of Credit and Closed End Loans are NOT eligible for the skip a pay program.
* Interest and Insurance premiums (if applicable) will continue to accumulate.
* If you currently have payroll deductions for your loan payments, please be aware these will continue to be deducted from your checks. Upon your request, we will transfer these funds to the account of your choice or gladly give you cash.
* In order to qualify, all of your MCFCU accounts and loans must be in good standing and a minimum
of 5 consecutive monthly payments must have been made timely, and collateralized loans must have
the appropriate value
* If your request is denied, the $20.00 fee will be reimbursed to your share account.
* Request must be received by July 23, to skip July's payment and by August 23, to skip August’s
payment.
1. You may skip one full payment after 5 monthly loan payments are made on a timely basis.
2. Home Equity Lines of Credit and Closed Ends Loans ( i.e. Holiday Loans) are not eligible for this program.
3. All skip a pays are subject to Morehead Community Federal Credit Union approval.
4. Your credit union accounts, including all shares, checking, and loans must be current (you can have no past due or negative balances).
5. Finance charges continue to accrue on a daily basis and this deferral could amend the original loan agreement, which may change the total amount and the schedule of your repayment.
6. Certain restrictions apply.
