601 N. Canal St. Carlsbad, NM 88220   575-887-1785 or 575-887-0098     u1stcommfcu@pvtn.net

Funds Availability Policy


When a deposit is made to your account, the funds may not be available immediately. For example, if you deposit a check on Monday, you may not be able to withdraw the funds from that check, and we may not pay another check with those funds, until Tuesday or even later. See the Availability Timeline below for details about when you can use the funds from different type of deposits.

If you withdraw funds from a check deposit, and the check is later returned unpaid, we may charge the check back to your account.

 

Availability Timeline for Deposits to Established Accounts

Below is our general policy for deposits to accounts open for more than 30 days. Longer delays may apply, and different rules apply to checks deposited to accounts open 30 days or less (see below).

business day is any day of the week except Saturday, Sunday, and Federal holidays. A deposit made before the close of business on a business day is considered deposited that day. A deposit made after that time, or on a day we are closed (through night deposit), is considered deposited the next business day.

When a deposit is madeDeposited funds are available
Electronic direct depositThe same business day
Wire TransferThe same business day
CashThe same business day
Check from an account at this credit unionThe same business day (as long as funds are available in payer account)
U.S. Treasury Checks payable to you; Government, cashier’s, certified, or teller’s check payable to you and deposited with a teller; Postal money order, Federal Reserve Bank check or Federal Home Loan bank check payable to you and deposited with a teller.The first $5,000.00 is available same business day. The remainder over $5,000.00 is available in 2 business days.
Other checks not specifically described above. For example, personal checks, or checks not written to you.The first $200 is available on the next business day. The remainder up to $5,000.00 is available in 2 business days. Any remainder over $5,000.00 is available in 5 business days.

 

Longer Delays May Apply

Funds from checks may be delayed for up to 5 business days if:

  • We believe a deposited check 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 your account repeatedly in the last 6 months
  • There is a bank emergency, such as failure of computer or communications 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.

 

Availability Timeline for Deposits to New Accounts (open 30 days or less)

When a deposit is madeDeposited funds are available
Electronic direct depositThe same business day
Wire TransferThe same business day
CashThe same business day
Check from an account at this credit unionThe same business day (as long as funds are available in payer account)
U.S. Treasury Checks payable to you; Government, cashier’s, certified, or teller’s check payable to you and deposited with a teller; Postal money order, Federal Reserve Bank check or Federal Home Loan bank check payable to you and deposited with a teller.The first $200.00 is available same business day. The remainder over $200.00 is available in 9 business days.
Other checks not specifically described above. For example, personal checks, or checks not written to you.In 9 business days