Funds Availability Policy

                                                                                 680 Union Street, Hobart, Indiana 46342    

           Officially Chartered in 1960                                      Contact Us at: 800-543-5785      Fax: 219-942-3447                


Funds Availability Policy

The Credit Union offers same day or next day availability for most funds deposited with the Credit Union. 

1. SAME-DAY AVAILABILITY.  The Credit Union affords same-day availability for cash deposits and electronic fund transfers. 

2. NEXT-DAY AVAILABILITY.  The Credit Union affords next business day availability for the following funds deposited in person at teller stations.  To qualify for next-day availability, members must deposit funds during Credit Union business hours. 

a. Government Checks; for example, U.S. Treasury checks, U.S. Postal Service money orders, checks drawn by the State or an agency of the State or a branch of local government deposited in an account held by the payee of the check. 

b. Depository Checks; i.e., Cashier’s checks, certified checks, and teller checks.

3. TWO-DAY AVAILABILITY.  Funds deposited by mail will be available within 2 business days following the banking day of deposit. 

4. CASE-BY-CASE HOLDS.  The Credit Union will place a hold on deposits where a forgery or fraud is suspected.

5. SPECIFIC EXCEPTION HOLDS.  The Credit Union may place a specific exception hold where the transaction involves reasonable belief that the check is uncollectible; repeated overdrafts; new accounts; large deposits; re-deposited items; and emergency conditions.