Funds Availability Policy

Home Privacy & Disclosures Funds Availability

Effective 

ESTABLISHED ACCOUNTS

 

Funds Available on Business Day of Deposit:

  • Cash
  • Electronic Funds Transfers: ACH, direct deposit
  • Social Security Checks, U.S. Treasury Checks payable to you
  • Local Known & Established Payroll Checks payable to you
  • Wire Transfers
  • Federal/State Checks payable to you
  • Checks drawn on Workers Credit Union
  • Federal Reserve Bank/Federal Home Loan checks payable to you

Local Checks:

  • 1st Business Day after Day of Deposit - Up to $225
  • 2nd Business Day after Day of Deposit - Up to $5,525
  • 5th Business Day after Day of Deposit - Balance of Deposit > $5,525

Funds Available on 1st Business Day After Day of Deposit:

  • Cashier's Check, Teller Checks, Official Checks, Certified Checks payable to you
  • U.S. Postal Money Orders payable to you
  • Business Account Check Deposit

Canadian Checks: We will accept Canadian checks for collection only and members will not be credited for the amount of any Canadian check until the funds have been collected. No other foreign checks accepted.

 

NEW MEMBERSHIP ACCOUNTS (FIRST 30 DAYS AFTER OPENING)

 

Funds Available on Business Day of Deposit:

  • Cash
  • Checks drawn on Workers Credit Union
  • Wire Transfers
  • Electronic Funds Transfers: ACH, direct deposit

Funds Available on 1st Business Day After Day of Deposit:

  • Cashier's Check, Teller Checks, Official Checks, Official Checks, Certified Checks payable to you
  • Social Security Checks, U.S. Treasury Checks payable to you
  • Federal, State Checks payable to you
  • U.S. Postal Money Orders payable to you
  • Local Known & Established Payroll Checks
  • Local & Non-Local Checks - Up to $275

Local Checks:

  • 1st Business Day after Day of Deposit - Up to $225
  • 2nd Business Day after Day of Deposit - Up to $5,525
  • 5th Business Day after Day of Deposit - Balance of Deposit > $5,525

Canadian Checks: We will accept Canadian checks for collection only and members will not be credited for the amount of any Canadian check until the funds have been collected. No other foreign checks accepted.

Important Notes: LONGER DELAYS MAY APPLY Finds 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. You deposit a check totaling more than $6,725 on any day. You redeposit a check that has been returned unpaid. You have overdrawn your account repeatedly in the last six months. 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 become available. They will generally be available no later than the fifth business day after the day of your deposit.

Check(s) must be payable to the depositing member(s) to receive the above availability. Deposits made at a Workers Credit Union's ATM/ITM without a Video Representative after 6:00PM are considered deposits made on the next business day. All checks drawn from a Workers Credit Union account and deposited at an ITM without a Video Representative will be available next business day after day of deposit. All other checks and money orders deposited at an ITM without a Video Representative will be available on the second business day after day of deposit.