Effective July 1st, 2020, the credit union is required to provide the following:
- $225 for next day availability for all instances where it was previously required to provide a minimum of $200.
- In addition, the $5,000 availability requirements for holds on new accounts, large deposits, and repeat overdrafts will increase to $5,525.
- The $400 Rule has been increased to $450. On the day that funds become available for withdrawal, we may limit to $450 the amount of cash that the member may withdraw. This change was due to statutory inflationary requirements.