CrossState Responds to Junk Fees Senate Colleague Letter 

A letter recently circulated by nine Senators to a state-chartered California credit union regarding their overdraft program and other fee policies, prompted a stiff response from CrossState. The letter, co-signed by Sen. Cory Booker (NJ-D), contained third-party data that unjustly painted the credit union as a bad actor in the financial services industry.  

Understanding the political nature that surrounds overdraft and junk fees, CrossState provided an explanation of what these programs mean to consumers and credit unions. 

• Please click here to read the Senate Colleague Letter to Frontwave Credit Union 
• Please click here to read the CrossState’s Overdraft Letter to Sen. Cory Booker 

CrossState welcomes your input about overdraft, junk fees, and noninterest income. 

Your feedback is critical for CrossState and credit unions to correct the narrative. Please share your feedback here.