This policy statement applies to “transaction” accounts. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third persons and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking (Share Draft) accounts are the most common transaction accounts.

Our policy is to make funds from your deposits available to you on the same business day we receive your deposit. At that time, you can withdraw the funds or we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and Federal Holidays. If you make a deposit on a business day that we are open, we will consider that day to be the day of your deposit.

LONGER DELAYS MAY APPLY - We reserve the right to place hold periods in times of emergency until the emergency has ceased. We also reserve the right to place hold periods of five (5) days when:

• We believe a check you deposited will not be paid.
• You deposit checks totaling more than $5,000.00 on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn you account repeatedly in the last six months.
• There is an emergency, such as a failure of communications or computer equipment.

These holds will also apply to new accounts. An account is considered “new” during the first 30 calendar days after the account is established.

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 fifth (5th) 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 thirty days your account is open: The first $5,000 from a deposit of US Treasury checks will be available on the first business day after the day of your deposit. The excess of $5000 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 deposits of cash and the first $5000 of a days total deposits of cashier’s, certified, teller’s, traveler’s 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 payable to you. The excess over $5000 will be available to you on the ninth business day after the day of your deposit. If you do not make the deposit in person to one of our employees, the first $5000 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 tenth business day after the day of your deposit.