Changes to Availability of Funds

As of July 1, 2020, we made changes to the availability of funds to align with new regulatory requirements and there is no action required by you. In line with the Federal Reserve’s Regulation CC (which provides guidelines for consumers and financial institutions related to the availability of funds and collection of checks), credit unions must make funds deposited into transaction accounts available according to specified time schedules. They are allowed to hold funds in certain circumstances, but only for limited periods.

The dollar amounts will be adjusted every five years, beginning July 1, 2020. The next adjustment of the dollar amounts will occur on July 1st, 2025, and on July 1st of every fifth year after 2025.

Seasons Federal Credit Union has updated our disclosures (outlined below) regarding our funds availability policy.


Summary of the Changes

  • The minimum amount of deposited funds that credit unions must make available for withdrawal by opening of business on the next day for certain check deposits is $225 (up from $200)
  • The amount of funds deposited by certain checks that are subject to next-day to availability is $5,525 (up from $5,000)
  • The threshold for a large deposit exception to the funds-availability schedules when the aggregate amount of checks on any one banking day exceeds the threshold amount is $5,525 (up from $5,000)


More changes to our Funds Availability Policy here


If you have any questions regarding these changes, please contact us at 860-346-6614.

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