Credit Union The employer agrees to deduct authorized credit union deductions from each pay and to remit such to one (1) of the two (2) recognized credit unions within one (1) week of the date of the deduction.
OVERDRAFT PROTECTION To the extent permitted by law, You authorize Us to transfer funds from other Accounts You may have with Us in necessary multiples (or in such increments as We may from time to time determine) to Your Account to cover any overdraft. If You have a line of credit with Us, transfers will be made first from Your primary share Account, provided You have enough available funds in that Account, then from Your line of credit up to Your available credit limit, and then We may elect to pay such overdraft, subject to any preference You have indicated to Us for clearing any overdraft(s). Overdraft transfers are subject to a transfer fee. You hold Us harmless from any and all liability which might otherwise exist if a transfer does not occur.
Credit Cards About 60% of first-year students reported they have at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, about 88% reported they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 7% said it is zero. Among those with an unpaid balance, the average credit card debt students have is $1,549. Group 1 students tend to carry a higher balance on their credit cards than Group 2 and Group 3 students. None 40% 42% 45% 32% 22% One 45% 42% 42% 50% 53% Two 7% 6% 6% 8% 12% Three or more 8% 10% 7% 9% 14% Average number 1.8 2.8 1.2 2.2 3.6 Yes 88% 83% 88% 89% 90% Zero 7% 2% 14% 2% 4% $500 or less 83% 83% 79% 87% 85% $501 to $1,000 5% 7% 4% 6% 5% Over $1,000 5% 8% 4% 6% 7% Average (all with credit card) $487 $652 $352 $564 $471 Average (those with unpaid balance) $1,549 $1,954 $1,249 $1,648 $1,871 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.
