Why is there a cash advance interest charge on my credit card?

Cash advance interest charges accrue when you transfer or withdraw money from your credit card. The interest rate on cash advances is the same as your normal purchase rate.

Cash advances are generally funds that are transferred from your credit card via Online Access or in any Credit Union 1 branch to your savings or checking account - or withdrawn in-branch or at an ATM machine.

Please note: Credit Union 1 does not charge any additional fees for cash advance transactions.