Funds Availability Disclosure

Your Ability To Withdraw Funds. Our policy is to make funds from your deposits available to you on the day we receive your deposit. At that time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

Determining the Availability of a Deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and holidays. An item received by the credit union on Saturday or after the credit union regular closing hour, as posted in the credit union office, may be deemed as received on the next business day.

Longer Delays May Apply. In some cases, the credit union will not make all of the funds that you deposit by check available to you on the same day of your deposit. Depending on the type of check that you deposit, the funds may not be available until the fifth business day after the day of your deposit. However, the first $200 of your deposit will be available on the first business day.

If we are not going to make all the funds from your deposit available on the day the credit union receives it, we will notify you at the time we receive your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you a notice by the day after we receive your deposit.

If you will need the funds from the deposit right away, you should ask us when the funds will be available.

In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
The credit union believes a check you deposited will not be paid.
You deposit checks totaling more than $5,000 on any one day.
You redeposit a check that has been returned unpaid.
You have overdrawn your account repeatedly in the last six months.
There is an emergency, such as failure of communications or computer equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

Special Rules For New Accounts. If you are a new member, the following special rules will apply during the first 30 days your account is open.

The first $5,000 from a deposit of U.S. Treasury Checks will be available on the first business day after the day of your deposit. The excess over $5,000 will be available on the ninth business day after the day of your deposit. Funds from wire transfers into your account will be available on the first business day after the day we receive the transfer.

Funds from the deposits of cash and the first $5,000 of a day's total deposits of cashiers, certified, teller's, travelers, and state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be made payable to you. The excess over $5,000 will be available on the ninth business day after the day of your deposit. If you do not make the deposit to one of our employees, (for example, if you mailed the deposit) the first $5,000 will not be available until the second business day after your deposit.

Funds from all other local check deposits will be available on the third business day after the day of your deposit and non-local check deposits will be available on the ninth business day after the day of your deposit. We welcome any further questions that you may have regarding the availability of your deposited funds.