Callahan & Associates has criticized data that recently appeared in USA Today in reporting on credit union's use of overdraft protection programs.

While sidestepping the issue of how some credit unions structure their short-term loan programs, the subject of some of the paper's stories, the firm pointed out that some of the statistics a USA Today columnist used were at odds with those collected by the NCUA (www.creditunionsrising.com).

Callahan & Associates pointed out that USA Today writer Sandra Block reported "67% of credit unions and 43% of banks have courtesy overdraft policies," but according to the NCUA, only 36% of credit unions offer the product. Of those, it cannot be discerned how many enroll their members automatically.

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