Dear Member,
The Federal Reserve Board and the Consumer Financial Protection Bureau have announced changes to the Expedited Funds Availability Act (Regulation CC), effective July 1, 2025. Regulation CC governs how quickly credit unions must make deposited funds available in transaction accounts, ensuring alignment with member funds availability policies.
What’s Changing:
To reflect inflation adjustments, specific dollar thresholds within Regulation CC will be updated. These changes impact on how quickly deposited funds must become available to you. Accordingly, Mohave Community FCU is updating the following member disclosures:
- Funds Availability Policy Disclosure
- Minimum Available Amount: Increasing from $225 to $275
- Cash Withdrawal Amount: Increasing from $450 to $550
- Exception Hold Amount: Increasing from $5,525 to $6,725
- Deposit Hold Notice
- Large Deposit Exception Hold: Increasing from $5,525 to $6,725
These updates will help ensure our policies stay consistent with federal requirements and continue to provide transparency and timely access to your funds.
When Your Deposits Are Available
Effective July 1, 2025, here’s how quickly your deposited funds will be ready:
- Direct Deposits (like payroll): Available the same day we receive them.
- Checks from the U.S. Treasury, wire transfers, and Mohave Community FCU checks: Available next business day.
- Cash, government checks, and other official checks: Also available next business day if deposited with a staff member.
- All other check deposits: The first $275 is available the next day; the rest by the second business day.
- Delays may occur in certain cases (like large deposits or account concerns). We’ll let you know if that happens.
Business days are Monday through Friday, excluding federal holidays.
Questions? We’re here to help!
Federally insured by NCUA
