In light of recent banking industry news, we want to remind you that your deposits with Liberty Bay Credit Union are fully insured. The National Credit Union Association (NCUA) backed by the full faith and credit of the United States, covers up to $250,000. And over and above that, the remaining balance is covered by the Massachusetts Credit Union Share Insurance Corporation (MSIC). You can learn more about how your deposits are protected at http://ncua.gov and http://mycreditunion.gov.
At Liberty Bay, we are careful stewards of your deposits and value the hardworking men and women of our membership and appreciate the trust you put in us. Please feel free to contact us if you have any questions or concerns.
Life is busy and unpredictable. Despite your best efforts, it can be easy to lose track of your account balance. Liberty Bay understands that unexpected overdrafts occur from time to time – Overdraft Protection can help.
If you write a check, authorize a payment, withdraw cash at an ATM, or use your debit card to make a purchase when there are not enough available funds in your checking account, Liberty Bay can transfer funds from your designated Overdraft Protection source, such as your Liberty Bay Savings account, Liberty Bay Home Equity Line of Credit, and/or Money Market account.
New checking accounts with Automatic Transfer Protection will be enrolled with Savings as the designated Overdraft Protection source. To add additional sources for Overdraft Protection please contact our Member Services team.
Covers checks, payments, ATM cash withdrawls, and debit card purchases
Designate an Overdraft Protection source
Benefits Protection is a service that protects you (up to an assigned limit) when there is insufficient money in your checking account to cover transactions such as checks, teller withdrawals, ACH transactions, and recurring debit card payments. There is no cost for this service unless you use it; you may be charged a $25 fee for each overdrawn item.
Benefits Protection is automatically extended to all members with Benefits Checking, Premier Checking, and Employee Preferred checking where the account is maintained in good standing. If you wish to have your account removed from this program contact our Member Services team.
Covers checks, teller withdrawals, ACH transactions, and recurring debit card payments
Automatically extended to all members with a checking account
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We offer checking accounts to fit the needs of our diverse membership, which are designed to protect you, your family, and your finances.