Funds availability policy

All funds deposited with the credit union are generally available for withdrawal the same business day as received. Electronic deposits are available on the day we receive the deposit. If you need the funds from the deposit right away, you should ask us when the funds will be available.

1. Reasons for delay
2. Funds availability in cases of hold
3. Notification

Reasons for delay

We may delay the availability of your funds for the following reasons:

1. Large deposits: You deposit checks totaling more than $5,000 on any one day.
2. Re-deposited checks: You re-deposit a check that has been returned unpaid.
3. Overdrafts: You have overdrawn your account repeatedly in the past six months.
4. Collection doubtful: We have reason to believe that the check you deposited will not be paid.
5. Emergency: There is an emergency, such as failure of our communications or computer equipment.

Funds availability in cases of hold

In all cases where holds are imposed, $100 will be available to you on the next business day. If the deposit is a local check, the remainder of the funds will be available by the second business day after the date of deposit. If the deposit is a non-local check, the funds will be available by the fifth business day after the date of deposit. Local checks are checks payable at financial institutions located in the Fourth Federal Reserve District check-processing region. In some cases, we may place an extended hold on funds to protect the credit union from fraud and loss.

Notification

In all cases where holds are imposed, the member will be notified in writing. The notice will be given at time of deposit or mailed by the first day after the day the deposit is made.