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Personal Overdrafts

CMCU's personal overdrafts are simply a form of continuing credit which is attached to your personal transaction account.

The amount of credit available will vary depending on your individual circumstances and our normal lending approval criteria.

Personal Overdrafts Features

  • Credit card alternative
  • Attach a Visa Debit Card
  • Minimum monthly repayment of $20*
  • Interest is calculated daily on the debit balance, and then charged on the last day of the month

What do I do now?

To find out more, view our current:

or to find out more about our Personal Overdraft Account, contact our branch on (03) 5744 3713 or info@cmcu.com.au

*For the smaller overdrafts (generally less than $20,000) the required repayment is $20 or 5% of the closing balance as per the statement of account whichever is the greater and for the larger overdrafts (Line of Credit) the required repayment is $20.00 or 0.75% of the closing balance as per the statement of account whichever is the greater.