The NCSECU (State Employees’ Credit Union) is announcing that they now offer their clients “Another Chance”. This is a bonus that helps protect SECU customers against bounced checks on their end, as well as overdraft fees.

What NCSECU does, is they provide you with a separate account that stores some extra money in it. When you make a withdrawal, or write a check for more money than you have in your State Employees’ Credit Union account, the second account is used to help make up the difference. If there is enough in that account to cover the overage amount, than customers will not be charged an overdraft fee.
This banking service has been offered by NCSECU for over 20 years, but recent upgrades in technology let them expand the overdraft program.

This is where ‘Another Chance’ comes into play. Now checking account holders will receive a text message when there are not a sufficient amount of funds in their checking account to cover a purchase or payment made. The account holder than has until the end of the business day to deposit funds into his or her account to make up the difference.

Sue Douglas, SECU’s SVP of Operations, said, “It has never been the focus of SECU to benefit from members’ errors, and we feel confident that our efforts over the past two years have resulted in an overall plan that will minimize returned items and any potential fees for members. Another Chance is a terrific addition to SECU’s ongoing efforts to put financial literacy into practice and keep money where it belongs – in the pockets of our members!”