Change In Terms Notice - Funds Availability Policy

Change In Terms Notice - Funds Availability Policy

Due to changes in Federal Regulation CC, the amount of funds that must be made available to you will be changing effective July 1, 2025.

Funds you deposit by check may be delayed for a longer period under the following circumstances:

• You deposit checks totaling more than $6,725 on any one day. This is a change from the previous $5,525.
• If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits, cash deposits and wire transfers into your account will usually be available on the day we receive the deposit. The first $6,725 of a day’s total deposits of cashier’s, certified, U.S. Postal Money Orders, and federal, 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 (i.e. checks must be made payable to you). The excess over $6,725 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $6,725 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. This is a change from the previous amount of $5,525.