Federal lawmakers have created new rules governing overdraft protection programs that go into effect on July 1, 2010. As a result, you now have an option concerning whether your want to continue to have our overdraft service to cover your ATM and everyday debit card transactions. Please take note that this opt-in rule applies only to ATM and everyday debit card transactions and does not pertain to overdraft protection services associated with checks or recurring debit transactions, such as regularly scheduled bill payments. However, we would like to clarify your expectations on these transactions as well.  

Why Opt-In?  First Alliance's overdraft protection is designed with your protection and convenience in mind. The vast majority of our members do not overdraw their accounts and incur fees. However, life doesn't always go according to plan, and overdrafts do occur. Without overdraft protection, your ATM and everyday debit card transactions may be declined if you attempt to make a transaction without sufficient funds.

If you do not opt in, beginning August 15, 2010, your ATM and everyday debit card transactions will be NOT be protected under the credit union's overdraft protection.  

How to Opt-In:

Click here for the opt in form

Print the form and fax it to (507) 280-8329

Or you can drop it off at any branch location,

or mail to:  

First Alliance Credit Union

Attn: Compliance

320 Alliance Place NE

Rochester, MN 55906