Robins Financial Credit Union announced today that beginning on May 1st 2022, they will no longer charge Non-Sufficient Funds (NSF) fees to their members. From now on, if a member of the credit union has insufficient funds, they will not be charged an NSF fee for the returned item. Prior to this change Robins Financial Credit Union charged its members an NSF fee per item of $25.00 and so this is not an insignificant amount of potential savings for members. As a matter of fact, as a result of this action, the credit union expects its members to save a total of $5 million a year. The credit union will continue to offer its no-fee Overdraft Protection Transfer service to members. This service works by automatically transferring funds from a member’s linked account to offset an overdrawn checking account for no charge.

In addition, members that previously used the NSF e-Alert services from Robins Financial Credit Union will automatically be converted to a low balance alert which will notify members when their account balances drop below $10. Previously, members were notified when their accounts were already negative. According to the credit union, eliminating NSF fees is part of their commitment to offering “low or no fee services” and is also a reflection of their commitment to being “member focused, financial partners and community proud.”

The credit union joins a growing list of financial institutions that have announced plans to eliminate NSF fees altogether which includes:

  • Regions Bank
  • First Citizens Bank
  • Citibank
  • Wells Fargo
  • Bank of America

Robins Financial Credit Union is the 18th largest credit union in the state of Georgia as measured by its total assets but the 2nd largest credit union as measured by its total members. The only credit union that has more members in the state is Delta Community Credit Union, which has 460,000 members and charges $35 per NSF item as of this writing. As of December 31, 2021 Robins had $3.9 billion of total assets, a net worth per member of $2,436 (significantly above the national average) and approximately 240,000 members.