CMECU Courtesy Pay

Courtesy Pay is a service that allows us to pay a check written on our member's checking account even if it causes the account to become overdrawn.

Courtesy Pay may provide certain account holders in "good standing" with the ability to overdraw their personal checking account up to $600.

If the account has been open at least 30 days and maintained in good standing, defined as A) Making regular deposits sufficient to cover transactions; B) Bringing the account to a positive balance at least once every thirty days or less, and; C) There are no legal orders outstanding on your account, we may, at our sole discretion, pay overdrafts up to the limits mentioned above. Whether we pay or return an item, your account will be assessed a $39 fee for each overdraft item paid.

Courtesy Pay offers additional flexibility and convenience in managing account holder funds, and provides peace of mind knowing that checks may be paid up to the authorized overdraft limit.

This non-contractual courtesy of paying overdrafts requires no account holder action. It is not a loan. No additional agreements need to be signed, and it costs nothing unless the privilege is used — by initiating checks, electronic funds transfers, or other payment or withdrawal requests for more than is on deposit in the account. If you maintain the account in good standing and have need for this "courtesy", we may, at our sole discretion, pay the item(s) up to the authorized limit, and we will charge the account our normal Courtesy Pay charge for each item that overdraws the account. We will send you a notice each time an overdraft occurs.

Courtesy Pay should not be viewed as an encouragement to overdraw your account. To avoid fees, we encourage you to keep track of your account balance by entering all items in your check register and managing your finances responsibly. Also we strongly suggest that you establish payroll deposit with CMECU.

If you would like to have this service removed from your account, please download an opt-out form. Date, sign and mail the form to the CMECU at the main office address listed below or return it to any of our branches.

Courtesy Pay allows CMECU to provide a higher level of service to our members by helping to protect your account, credit and reputation when an inadvertent overdraft occurs.

Thank you for the opportunity to serve you,

Effective December 10, 2008

How to Contact Us

If you would like any additional information, or have questions regarding courtesy pay:

  • Please telephone us at 312-236-2326.
  • You may also write us at:
    Chicago Municipal Employees Credit Union
    18 S Michigan Ave, Suite 1000
    Chicago, IL 60603 or,
  • visit one of our offices to speak with a Credit Union representative.