Nebraska Statutes 21-1780. Fees related to member accounts
(1) A credit union may collect reasonable fees and charges with respect to member accounts. The fees may be for:
Terms Used In Nebraska Statutes 21-1780
- Credit union: shall mean a cooperative, nonprofit corporation organized under the Credit Union Act for purposes of educating and encouraging its members in the concept of thrift, creating a source of credit for provident and productive purposes, and carrying on such collateral activities as are set forth in the act. See Nebraska Statutes 21-1705
- Financial institution: shall mean a bank, savings bank, building and loan association, savings and loan association, or credit union, whether chartered by the United States, the department, or a foreign state agency. See Nebraska Statutes 21-1708.01
(a) Additional copies of periodic statements;
(b) Various types of transactions on a per-transaction basis;
(c) A check or draft returned to the credit union by another financial institution because it was drawn against a closed account or an account with insufficient funds or for any other reason;
(d) Stop-payment orders;
(e) Any form of members’ initiated withdrawal requests which the credit union rejects for any justifiable reason; and
(f) Any other service or activity relating to member share accounts.
(2) No credit union shall impose or increase any fee after October 1, 1996, until thirty calendar days after notification has been provided or made available to credit union members.