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JMFA Overdraft Privilege
Achieve more for your credit union with John M. Floyd & Associates' (JMFA) Overdraft Privilege program. The program provides a financial safety net for your members, while boosting non-interest income for your credit union. For more than 35 years, JMFA has been recognized as one of the most trusted names in the industry, helping credit unions reach their goals.
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Image Arc Marketing Solutions
Image Arc is a marketing firm specializing in innovative branding, advertising, content writing, and graphic design that will motivate your clients and customers into action—directly impacting your business. Best of all, you will receive the same quality of work and service as with a traditional advertising agency, but for a fraction of the cost!
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Your credit union, members, and employees can save with Sprint discounts. The Sprint CU Member Discount Program is simple and profitable for credit unions and increases the perceived value of membership.
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The Leagues and OfficeMax announce an exclusive savings program, including: members-only pricing and discounts of up to 88% off the manufacturer’s list price via the OfficeMax business website, and contract pricing and ImPress Print and Document Service discount pricing at OfficeMax retail stores via the Retail Connect card. Plus, the online Instant Purchase Account, next-day delivery (with no delivery charge), and no sign-up fees..
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Love My Credit Union Rewards
This credit union member enhancement program offers exclusive incentives from U.S.-based partnering companies, including Sprint, GM, and others. Increase membership and satisfaction while providing an economic stimulus and reinvesting in community services. Receive free marketing kits and more when your credit union signs up.
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From the Editors of CU Weekly

updated 04/01/13 04:23 PM
JMFA: Tips to Streamline Processes
As credit unions gear up for the Consumer Financial Protection Bureau's (CFPB) final ruling on overdraft practices, JMFA, in partnership with Morrison Foerster LLP, conducted a study that looked into the benefits of overdraft programs to members, and also what credit unions can do to ensure their platforms are compliant.

Based on the results, JMFA has uncovered several immediate action steps credit unions can take to improve their overdraft services and procedures and avoid future regulatory action or fines. According to the study, it all comes down to educating and providing members with a clear and easy-to-understand overdraft program that should:

  • Offer complete transparency and a detailed overview of the program, including implications.
  • Implement reasonable overdraft fees that are thoroughly communicated to members.
  • Provide clearly defined overdraft limits.
  • Deliver transaction posting procedures that will not maximize member overdrafts and related fees created by the clearing order.
  • Monitor excessive overdraft usage by members.
  • Provide supporting materials that demonstrate alternative financial products to help excessive overdraft users.

In addition, JMFA recommends that credit unions provide members with simple explanations regarding opt-in and opt-out procedures, as well as incorporate outreach and guidance programs on money management issues like balancing a checkbook and budgeting.

For more information, visit www.jmfa.com.