It's imperative to separate the sensational misconceptions when it comes to overdraft, writes California and Nevada Credit Union Leagues President/CEO Diana Dykstra. 

Contrary to the distorted portrayals by guest commentators and consumer “advocates” in the news media, credit unions are fundamentally different from other financial institutions associated with questionable “junk fee” practices.

She added that opting in to overdraft protection is a valued and worthwhile choice for many credit union members.

"Fortunately, transparent and proactive credit union overdraft programs provide members a financial lifeline by covering expenses in times of need, while ensuring members avoid additional charges by allowing opportunities to cure items," Dykstra wrote, adding that credit union overdraft programs are subject to rigorous oversight and regulation by state and federal regulators. 

"When it comes to all the hype on “junk fees,” credit unions stand out as beacons of genuine consumer advocacy by offering financial security and transparent terms with their overdraft programs, providing services that align with the needs and requests of their members," she added. "As credit unions continue to prioritize the financial wellbeing of their members, they reinforce their role as true defenders of all consumers in our financial ecosystem."