Funds Availability

YOUR ABILITY TO WITHDRAW FUNDS

This policy statement applies to all accounts.

Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written.

DETERMINING THE AVAILABILITY OF A DEPOSIT

The length of the delay is counted in business days from the day of your deposit. 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. However, if you make a deposit after we close or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

The length of the delay varies depending on the type of deposit and is explained herein.

Same-Day Availability

Funds from cash and electronic direct deposits to your account will be available on the day we receive the deposit. The first $100.00 of a day's deposit.

Next-Day Availability

If you make a deposit in person to one of our employees, funds from these deposits will be available on the first business day after the day of your deposit.

The second $100.00 of a day's deposit

U.S. Treasury checks that are payable to you.

Wire transfers.

Checks drawn on River Works Credit Union.

Cash, Cashier's, certified and teller's checks that are payable to you (and you may have to use a special deposit slip.)

Federal Reserve Bank checks, Federal Home Loan Bank checks, and U.S. postal money orders, if these items are payable to you.

State and local government checks that are payable to you, and you may have to use a special deposit slip available from a member service representative.

If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit.

Other Check Deposits

The first $100 from a deposit of other checks will be available the day of the deposit, the next $100 will be available on the first business day after the day of your deposit. The remaining funds will be available on the second business day after the day of your deposit. For example, if you make a deposit of other check(s) of $700 on a Monday, $100 of the deposit is available the day of the deposit, the next $100 will be available on Tuesday. The remaining $500 is available on Wednesday.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in an account you have with us. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

If we accept for deposit a check that is drawn on another bank, we may make funds from that check available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods for the type of check that you deposited.

LONGER DELAYS MAY APPLY

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

We believe a check you deposit will not be paid, or

You deposit checks totaling more than $5,000 on any one day, or

You redeposit a check that has been returned unpaid, or

You have overdrawn your account repeatedly in the last six months, or

There is an 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. They will generally be available no later than the seventh business day after the day of your deposit.

SPECIAL RULES FOR NEW ACCOUNTS

If you are a new customer, the following special rules will apply during the first 30 days your account is open.

Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's , certified, teller's, traveler's, and federal, state and local government checks and any Federal Reserve Bank checks, Federal Home Loan Bank checks and U.S. Postal Money Orders 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 (and you may have to use a special deposit slip). The excess over $5,000 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 $5,000 will not be available until the second business day after the day of your deposit.

Funds from all other checks deposits will be available on the seventh business day after the day of your deposit.

DEPOSITS AT AUTOMATED TELLER MACHINES

Deposit (cash or checks) made at automated teller machines (ATM's) we own or operate priot to 2:00 P.M. on a business day that we are open will be treated as deposited that day. Funds from deposits made after 2:00 P.M. or on a day we are not open will be treated as deposited on the next business day we are open.

All ATMs that we own or operate are identified as our machines.