Disclosures and Security

Funds Availability Policy

Revised January 2010

YOUR ABILITY TO WITHDRAW FUNDS

Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

For determining the availability of your deposits, every day is a business day, except for Saturday, Sundays, and federal holidays. If you make a deposit before 4:00 pm on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 4:01 pm or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

LONGER DELAYS MAY APPLY

In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $100 of your deposit, however, will be available on the first business day.

If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make a deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

  • We believe a check you deposit will not be paid.
  • You deposit checks totaling more than $5,000 on any one day.
  • You redeposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last six months.
  • There is an emergency, such as failure of computer or communications equipment.

We will notify you if we delay your ability to withdrawal funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than 7 days after the day of your deposit.


Privacy Notice Disclosure

This Privacy Disclosure explains how we collect, use, and safeguard your personal financial information.


Third-Party Links on POCUMD.ORG

Links are available on POCUMD's website that allow convenient access to other sites that may be of interest. Clicking on a link may take you out of POCUMD's website to an alternative website not operated by POCUMD. Post Office Credit Union of Maryland, Inc. is not responsible for content on third-party websites and does not represent either the third-party websites or the member, if he or she enters into a transaction. While we hope that these organizations join us in respecting your privacy, POCUMD is not responsible for the content, products, services, privacy practices and views of these third-party websites. Please realize that the links may not always be available, or the information presented on the sites might change.


POCUMD's Right to Amend

Post Office Credit Union of Maryland, Inc. reserves the right to amend this disclosure at any time without prior notice. This disclosure amends existing agreements the Credit Union has with you.

Let us know if you have questions. Please do not hesitate to contact us - we are here to serve you!