2. Expedited Funds Expedited Funds Availability Act Availability Act1988 http://www.federalreserve.gov/bankinforeg/regcccg.htm

3. Expedited Funds Availability applies to funds deposited into a members - transaction/share draft account.

4. Mail – banking day CU receives it Night deposit – when removed by CU CU ATM’s – when deposited (must consider cut-off) Off premises ATM – when removed The day funds are considered deposited: Closed or after cut-off – next banking day With teller – when the teller receives it

5. Electronic payments (ACH & Wire transfers) U.S. Treasury Checks & Postal Money Orders Federal Reserve & Federal Home Loan Bank Checks State & Local Government Checks Next Day Items: Cashier, Certified & Teller checks Cash Checks drawn on your CU’s accounts

6. Reg CC Amendments Check 21Check 21 - 2003 Local ChecksLocal Checks - 2010

7. $200 Rule: If $100 is deposited in an account by local check, the entire amount must be available for withdrawal at the start of the next business day.If $100 is deposited in an account by local check, the entire amount must be available for withdrawal at the start of the next business day. If a member deposits a $500 local check, $200 would have to be available for withdrawal at the start of the next business day, and the remaining $300 would have to be available on the second business day after deposit.If a member deposits a $500 local check, $200 would have to be available for withdrawal at the start of the next business day, and the remaining $300 would have to be available on the second business day after deposit.

8. $200 Rule: If $100 is deposited in an account by local check, the entire amount must be available for withdrawal at the start of the next business day.If $100 is deposited in an account by local check, the entire amount must be available for withdrawal at the start of the next business day. If a member deposits a $500 local check, $200 would have to be available for withdrawal at the start of the next business day, and the remaining $300 would have to be available on the second business day after deposit.If a member deposits a $500 local check, $200 would have to be available for withdrawal at the start of the next business day, and the remaining $300 would have to be available on the second business day after deposit.

9. Large deposits – over $5,000 Re-deposited checks Repeatedly overdrawn accounts Reasonable cause to doubt collectability Longer holds can be placed for: Emergency situations New Accounts 5,001.00

10. Preprinted deposit slips Lobby signs ATM notices Exception & Case-by-Case Notice On member request Initial Funds Availability Policy Sample Disclosures: http://www.ecfr.gov/cgi-bin/text- idx?c=ecfr&SID=775d3d1007f25dc3f6920ba378e674c8&rgn=div9&view=text&node=12:3. 0.1.1.10.4.8.11.37&idno=12http://www.ecfr.gov/cgi-bin/text- idx?c=ecfr&SID=775d3d1007f25dc3f6920ba378e674c8&rgn=div9&view=text&node=12:3. 0.1.1.10.4.8.11.37&idno=12

11. Case-by-Case Holds

12. Thank you for joining me for this overview of the Expedited Funds Availability Act