Check Hold Policy
IMPORTANT INFORMATION REGARDING “AVAILABILITY OF FUNDS”
In compliance with Regulation CC, the money from some kinds of deposits at Alternatives may not be withdrawn immediately. We will place a temporary “hold” on certain deposits. This will help the Credit Union reduce losses. A check written against “held” funds will not be paid and a fee will be charged for insufficient funds.
1) All checks are considered "local" as of February 27, 2010. That will reduce the hold time for many checks.
2) Funds immediately available from a check deposit is $200.
For all new members and Fresh Start accounts, view the check hold policy.
For all members whose accounts are 30 days or older, or graduates of Fresh Start, view the check hold policy.
