Have you ever accidentally overdrawn your checking account? Put an end to embarrassing moments at checkout.

Our Member Protection Plan may cover your checking account overdrafts up to $500 on certain types of transactions based on the plan you choose.

  • Enjoy a safety net when your balance is low
  • Pay less on overdrafts*
  • Overdraft transactions of less than $5.00 will not incur a fee

MEMBER PROTECTION PLANS

Member Protection Plan
Limited

MPP Limited offers coverage that comes with your eligible checking account1. Under this plan, the Credit Union authorizes and pays overdrafts for the following types of transactions:
  • Checks, ACHs and other transactions made using your checking account number
  • Automatic bill payments

Member Protection Plan
Standard

MPP standard offers additional, optional coverage that is available upon request by eligible accountholders. Under this plan, the Credit Union authorizes and pays overdrafts for the following types of transactions:

  • Checks, ACHs and other transactions made using your checking account number
  • Automatic bill payments
  • ATM transactions
  • Everyday debit card transactions

To opt into this plan:

  1. Login to Online Banking
  2. Under Quick Links, select Member Protection Plan/Courtesy Pay Form
  3. Complete and submit the form via Message Center

OVERDRAFT COVERAGE

Overdraft Protection Plans – Draw Accounts

Protect your account from overdrafts by linking your savings, credit card, Money Market Account or Line of Credit loan to your checking account. If your checking account has insufficient funds, we’ll automatically transfer money from these accounts.

Contact our Call Center to enroll: 703-709-8900 (844-709-8900 toll-free)

or Send us a message via Message Center


1 For eligible accounts opened on or after 5/17/21. Accounts opened prior to 5/17/21 must enroll in the MPP Limited plan.

*Member Protection Plan enrollees will pay a reduced fee of $29.50 on overdrafts instead of $32.50 for insufficient funds fee. A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. A maximum of six (6) MPP, overdraft and/or returned item fees will be charged per day.

The Member Protection Plan (MPP) is not a line of credit. However, if you overdraw your account, we have the discretion to pay the overdraft subject to the limit of your MPP and the amount of the overdraft fee. Northwest Federal is not obligated to pay any item presented for payment if your account does not contain sufficient available funds. You must bring your account to a positive balance for at least twenty-four (24) hours within every thirty (30) day period. Northwest Federal will not pay overdrafts if you have exceeded your MPP limit or if you are delinquent in repayment.

To determine whether you have enough money in your account to cover a transaction, we use your account’s available balance which is based upon the deposits and withdrawals to your account and all pending electronic transactions, including pre-authorized transfers, point of sale transactions, and merchant payment authorizations, regardless of whether they have posted to your account.

Member Protection Plan disclosure.