Paul discussed how some credit unions are reevaluating their overdraft protection programs due to pandemic-related concerns bringing on new financial burdens. Because of what has transpired the last couple of years, many credit unions -- and large banks -- are looking at this fee generator a bit differently and coming up with creative ways to work with members in this area.
Paul addressed that eliminating these fees may not be for all credit unions. But, again, some creative best practices are percolating to the surface that will surely spark new ideas.
A fascinating and timely report from the fine folks at Filene and Paul provides many of the details, which will pave the way for more innovative ideas for credit unions. Check it out and let us know your thoughts. And be sure to watch the entire interview below for all the details.