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Member Privilege Overdraft Protection Program

At times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient and potentially embarrassing experience.

At HOPE, we do not encourage overdrafts. As always, we encourage you to manage your finances responsibly.

However, we want to save you from the additional merchant fees and possible damage to your credit history that might result if a check is returned. That’s why we provide Member Privilege, a special overdraft service for HOPE's members.

What is Member Privilege?

Member Privilege is a discretionary overdraft service requiring no action on your part that provides you a safety net up to an automatically assigned overdraft limit.

Your Member Privilege limit may be available for checks and other transactions made using your checking account number or automatic bill payment and recurring debit card payment.

Also, at your request, we may authorize and pay ATM transfers or withdrawals and everyday debit card purchases using your limit.

How does Member Privilege work?

As long as you maintain your account in “good standing,” we may approve your overdraft items within your current available Member Privilege limit as a non-contractual courtesy.

For overdraft privilege consideration, your account is in “good standing” if you (1) make sufficient deposits to bring your account to a positive end-of-day balance at least once every 30 calendar days (including the payment of all credit union fees and charges); (2) avoid excessive overdrafts suggesting the use of Member Privilege as a continuing line of credit; (3) there are no legal orders, levies or liens against your account; and (4) have no loans delinquent more than 15 days.

Please note that the amount of the overdraft plus a Member Privilege Fee of $25 for each item will be deducted from your overdraft limit. If the item is returned, an NSF Fee of $25 will be deducted from your account. No interest will be charged on the overdraft balance.

Please refer to the member overdraft policy for additional details.

How do I know when I use the overdraft limit?

You will receive an overdraft notice each time items are paid, including fees. You will need to subtract the total fees when balancing your checkbook.

What is my Member Privilege limit? If I have two checking accounts, can I get Member Privilege on both?

Locate your account type below and make note of the corresponding limit. If you have multiple accounts for your household, you may have a limit on all eligible accounts.

Easy Checking....................................................$ 200

Easy Checking Plus.............................................$ 300

All HOPE Rewards Checking Accounts....................$ 300

What if I go beyond my Member Privilege limit?

Overdrafts above and beyond your established Member Privilege limit may result in checks or other items being returned to the payee. An NSF Fee of $25 will be charged per item and assessed to your account. An NSF notice will be sent to notify you of items paid and/or returned.

How quickly must I repay my Member Privilege?

You should make every attempt to bring your account to a positive end-of-day balance as soon as possible, and must do so within 30 calendar days. If you are not able to do so, you will receive a letter from Hope Credit Union informing you that your Member Privilege limit has been suspended and additional items will be returned.

Unless we advise you differently or you request this service be removed from your account, your limit will be made available to cover overdrafts again the first business day after you bring your account to a positive end-of-day balance.

What does my Member Privilege cost?

There is no additional cost associated with this privilege unless you use it. You will be charged our Member Privilege Fee of $25 for each overdrawn item created by a traditional paper-based check, a teller withdrawal, an automatic payment (ACH) transaction, or a recurring debit card payment. Also, if you have requested us to do so, we may authorize and cover ATM transfers or withdrawals and everyday debit card purchases. For example, three paid items in one day will result in Member Privilege Fees totaling $75. To help you manage your account, the total fees you have paid for items (both paid and returned) during the current month and for the year-to-date will be reflected on your monthly checking statement.

What are some of the ways I can access my Member Privilege limit? Will my limit be reflected in the balance I receive?

The chart below shows the different ways you can access your Member Privilege limit and indicates whether or not this limit will be reflected in the balance provided.

Access Points Is my overdraft 
privilege available?
Does the balance provided reflect my
overdraft privilege limit?
Teller Yes No
Writing a Check Yes


Debit Card (Recurring) Yes N/A
Debit Card (Everyday) No** N/A
ATM Withdrawal No** No
ACH - Auto Debit Yes N/A
Online Banking No No
Bill Pay Yes N/A
Telephone Banking No No

** Member Privilege service will be made available for ATM or everyday debit card transactions upon your request.

Call 1-866-321-HOPE (4673) or visit one of our branches to arrange for your ATM and debit card coverage.

How soon can I use my Member Privilege?

If you are a new member, you may be able to use the overdraft privilege service 60 days after your account is opened, assuming your account is in “good standing” as defined in this brochure

What are some other ways I can cover overdrafts at HOPE?

The best way to avoid overdrafts and fees is to keep track of your account balance by entering all checks, debit card purchases and ATM withdrawals in your check register, reconcile your check book regularly and manage your finances responsibly. However, if a mistake occurs, HOPE offers additional ways to cover overdrafts in addition to Member Privilege.

Ways to Cover Overdrafts
Associated Fees
Good Account Management $0
Link to Savings Account $1 Transfer Fee
Member Privilege Member Priviliege Fee of $25
for Each Item

* These costs are provided only as examples. Please ask us about our specific products and fees.

What if I do not want to have Member Privilege account?

If you would like to have this service removed from your account, please call 1-866-321-HOPE (4673).


See the Member Privilege brochure.

Read the Member Privilege Overdraft Protection Policy.

Get the A9 form to add everyday debit and ATM transactions to your coverage.

For Socially Responsible Investors


At HOPE, your federally insured deposits are used to finance affordable housing, support entrepreneurship, and improve lives in the nation's most economically distressed region - Arkansas, Louisiana and Mississippi rank 50th, 47th and 48th, respectively, in terms of poverty.

People believe in HOPE's mission can help help by making a socially responsible deposit. Our membership includes thousands of socially responsible individuals, businesses, faith-based groups, community development organizations, civic groups, foundations, colleges and universities, and even banks and other credit unions from across the country that believe in our mission and want to make a difference.



WITH GREAT RATES - Our interest rates are competitive, often exceeding rates offered by traditional financial institutions.

WITH SECURITY - You can rest assured knowing that HOPE deposits are federally insured for up to $250,000 per depositor by the National Credit Union Administration.

WITH CONVENIENCE - Banking with HOPE is easy, no matter where you are. Use a computer, phone, ATM machine, debit card, or automatic transfers and drafts to access your accounts 24 hours a day, 7 days a week.


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If you're interested in supporting the work we do beyond making a deposit, please contact us. HOPE's sponsor, the Enterprise Corporation of the Delta (ECD), is a 501(c)(3) and so contributions to ECD are tax deductible.

For Organizations


We understand that institutional members have specific needs for managing their organization's finances. HOPE has options that will meet the demands of business and nonprofit operations, while allowing them to reinvest in their community at the same time.

Any institution that wishes to support the work and mission of ECD/HOPE, or that wants to benefit from its services, can join. Just complete the ECD/HOPE application form, pay a membership fee of $10 and make your initial minimum deposit.

$5 of your membership fee is a contribution to ECD, a 501(c)(3) non-profit, and is tax deductible.

If you wish to make a non-member deposit, please call or come by a branch for a non-member application.


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      People who belive in HOPE's mission and who join Hope Enterprise Corporation can become a HOPE member. We're ready to help residents across the Mid South and provide an opportunity for people across the country to support economically distressed communities.

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      Whatever your financial goals are, Hope Credit Union has an option that's right for you. And it's easy to become a HOPE member; just support our mission and become a member of Hope Enterprise Corporation. We'll open an account for you regardless of your credit score or past banking experience.

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