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Online Transfer: The electronic movement of funds from one account to another.

Open-end Credit: Credit where the borrower has the ability to borrow, repay and re-borrow, such as credit cards or revolving lines of credit, secured or unsecured.

Opt In/ Opt Out: Occasionally, we e-mail non-confidential account information and special opportunities to our customers. If you do not want to receive such correspondence, you have the option to prevent, or 'opt out' of our sending these e-mails.

Optionee: One to whom an option has been granted.

Optionor: One who has granted an option to another.

Origination Fee (Loan Origination Fee): The fee charged by a lender for processing a loan application. The loan origination fee helps recover a portion of the significant costs of establishing a loan for the customer including documentation, vendor work and employee time.

Original Loan Amount: The dollar amount for which your installment loan was approved.

Outstanding Balance: The amount currently owed on a debt.

Owner Occupied: A term used when referring to a dwelling in which the owner resides in either as a primary or secondary residence.

Overdraft Plus: This service will allow eligible members who have exhausted all other overdraft options to have overdraft checks paid in return for a $20.00 fee per overdraft item. Restrictions apply.

Overdraft Protection Line of Credit: Qualifying members can borrow up to $1,000.00 to protect their checking accounts from overdrafts, giving peace of mind for concerns about overdraft fees. . A variable APR is applied. APR = Annual Percentage Rate. Restrictions apply.

Owner: The person who has control of the insurance contract.