About Locations Resources News Contact Search Spending Saving Borrowing Services LOGIN Westerra eliminates all overdraft and NSF fees on checking accounts Westerra had been waiving all fees since March 2020 and has permanently discontinued all overdraft and nonsufficient funds fees. Denver, CO — September 21, 2021 – Westerra Credit Union has eliminated all overdraft fees and nonsufficient funds fees on checking accounts. The Denver-based credit union had been waiving all fees since March 2020, at the start of the pandemic, and announced today that they have permanently discontinued all overdraft and nonsufficient funds fees. They are among the first financial institutions in the nation to make this move. Westerra is challenging other financial institutions to break the long-time tradition of financial institutions charging fees when consumers do not have enough funds in their accounts to cover transactions. “Let’s work together to make a difference for the people in our community,” said Jay Champion, Westerra Credit Union President/CEO. “Let’s help people manage life’s challenges, not make it more difficult by charging fees when they can least afford it.” "Our core purpose is to teach one another to prosper,” Champion said. “Our credit union was formed by eight school teachers in 1934 who pooled their funds to make loans to other teachers in need. We honor our roots by continuing that focus to help members learn to manage their money without fees. So many people are living paycheck to paycheck. Eliminating these fees helps keep them from falling further behind as they struggle to make ends meet.” Champion went on to explain that there are a variety of tools members can use to monitor their accounts. They can set alerts for when funds reach certain low balances and they can have funds automatically transferred from other accounts. If there are insufficient funds in the account, the transaction may be declined without a fee, so they can arrange another form of payment, or a payment on another date. Westerra regularly conducts financial checkups with members to help them understand how to utilize these tools. Westerra also recently launched technology to make it easy for consumers to open checking accounts in less than five minutes. “We’re undergoing a transformation at Westerra, and in our country,” Champion said. “This move to eliminate archaic check overdraft fees is another step closer to our goal of creating a more equitable banking experience for everyone.” Read the article in the Denver Business Journal. Recent Articles Yes, Denver, We're Open: How we're supporting local businesses Westerra launched Yes, Denver, We’re Open to help bring awareness & business to locally-owned businesses that have remained open during COVID-19. Check out our new look… and more With our digital-first approach and commitment to our community, this is just another way to make banking easier for you. Forbes names Westerra best-in-state for second year in a row Forbes' annual rankings of the Best-In-State Banks & Credit Unions in the U.S. names Westerra among the top 5 CUs in Colorado. Spending Spending account Credit cards Payments Business Saving College IRA Kids Business Borrowing Home lending Mortgage loan officers Auto Business Services Account Branch Online COVID-19 Business account About Careers Community Company Why Westerra Routing Number 302075319 Follow Us Our Apps App Store Play Store SECURITY CENTER PRIVACY NOTICE DISCLOSURES FORMS MEMBER OWNED SINCE 1934 Copyright © 2021. Westerra Credit Union NMLS 421606 Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States government. National Credit Union Administration, a U.S. government agency. Equal Housing Opportunity. Equal Opportunity Lender. We use cookies to improve our services and your experience. By using our site, you consent to cookies. To learn more, see our Privacy Policy. OK Feedback