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Funds Availability

 

Location:
1 Texoma Blvd
Fritch, TX 79036

Mailing Address:
PO Box 310
Fritch, TX 79036

Phone:
(806) 857-3319
toll free: (800) 687-2634

Fax:
(806) 857-3324

Contact Us:
Email

Loan Application:
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TEXOMA FEDERAL CREDIT UNION

 FUNDS AVAILABILITY POLICY

 

It is our policy to make members’ funds available upon the same day of deposit in most cases, or at least $100 with additional funds available the next business day by 9:00 a.m.  Funds in this category include cash, local checks, electronic payments, government checks (Treasury checks, U.S. Postal money orders, Federal Reserve Bank/Federal Home Loan Bank checks, state/local government checks), cashier’s checks, teller’s checks, certified checks, “on-us” checks.  Nonlocal checks (payable by/at/through a different Federal Reserve District than the depository credit union) may be delayed until the fifth business day following deposit.  Some cases may require cash back limited to $2,500 in any one day, at the discretion of the credit union.

Funds are considered deposited when received by a teller when physically presented for deposit; when received, in cases where mailed to the credit union; when removed, for deposits made at night depositories or other devices designated by the credit union.

Funds deposited after 4:00 p.m. will be credit on the next business day.

Funds may be delayed under circumstances as applicable on a case-by-case basis and we may hold or restrict these funds subject to limits established in Regulation CC, Expedited Funds Availability Act (12 CFR229).

Funds availability may be affected by the following circumstances:

  • New accounts (first 90 days);
  • Emergency conditions beyond our control;
  • Large deposits (over $5,000);
  • Redeposited checks;
  • Repeated overdrafts;
  • Reasonable cause to doubt collectibility.

The credit union will notify any member subject to a delay in the ability to withdraw funds for any reason and will be advised as to when the funds will be available.

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