Important Information About Procedures For Opening A New Account

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, or add a joint owner on to your account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We will also need to see and copy your drivers license or other identifying documents.

Thank you for your cooperation.


FUNDS AVAILABILITY POLICY

EFFECTIVE January 26, 2017

OUR POLICY IS TO MAKE FUNDS FROM YOUR CASH AND CHECK DEPOSITS AVAILABLE TO YOU ON THE SAME BUSINESS DAY THAT WE RECEIVE YOUR DEPOSIT. ELECTRONIC DIRECT DEPOSITS WILL BE AVAILABLE ON THE DAY WE RECEIVE THE DEPOSIT. ATM DEPOSITS WILL BE HELD FOR FIVE DAYS. NEGATIVE ACCOUNTS, DELINQUENT ACCOUNTS AND FEES OWED WILL BE TRANSFERRED BEFORE FUNDS ARE AVAILABLE FOR WITHDRAWAL.

RESERVATION OF RIGHT TO HOLD:

IN SOME CASES, WE WILL NOT MAKE ALL OF THE FUNDS THAT YOU DEPOSIT BY CHECK AVAILABLE TO YOU ON THE SAME BUSINESS DAY THAT WE RECEIVE YOUR DEPOSIT. HOWEVER, THE FIRST $200.00 OF YOUR DEPOSIT WILL BE AVAILABLE ON THE FIRST DAY AFTER YOUR DEPOSIT. 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 NEXT BUSINESS DAY. IF YOU WILL NEED THE FUNDS FROM A DEPOSIT RIGHT AWAY, YOU SHOULD ASK US WHEN THE FUNDS WILL BE AVAILABLE.

NEW MEMBERS (LESS THAN 30 DAYS):

THE FOLLOWING CHECKS WILL BE HELD:
PERSONAL CHECKS
MONEY MARKET
CASH MANAGEMENT
VISA
MASTER CARD
DISCOVER
MONEY ORDERS (OTHER THAN US POSTAL, LOCAL BANK, MEMBER CREDIT UNION)
$200.00 OR LESSNO HOLDS
OVER $200.002 BUSINESS DAYS
OVER $5,000.007 BUSINESS DAYS

ESTABLISHED MEMBERS (OVER 30 DAYS):

THE FOLLOWING CHECKS WILL BE HELD:
PERSONAL CHECKS
MONEY MARKET
CASH MANAGEMENT
VISA
MASTER CARD
DISCOVER
MONEY ORDERS (OTHER THAN US POSTAL, LOCAL BANK, MEMBER CREDIT UNION)
$500.00 OR LESSNO HOLDS
OVER $500.002 BUSINESS DAYS
OVER $5,000.007 BUSINESS DAYS

XTEND SHARED BRANCH MEMBERS:

THE FOLLOWING CHECKS WILL BE HELD:
PERSONAL CHECKS
MONEY MARKET
CASH MANAGEMENT
VISA
MASTER CARD
DISCOVER
MONEY ORDERS (OTHER THAN US POSTAL, LOCAL BANK, MEMBER CREDIT UNION)
2 BUSINESS DAYS
$200.00 OR LESSNO HOLDS
OVER $200.002 BUSINESS DAYS
CHECK DEPOSITS TOTALING MORE THAN $5,000.007 BUSINESS DAYS

THE PRESIDENT OR HER DESIGNEE SHALL HAVE THE RIGHT TO OVERRIDE THIS POLICY AS DEEMED NECESSARY.