The Expedited Funds Availability Act sets special provisions for new account holders. When the credit union is dealing with a new member, it can hold some deposits longer.
An account is considered new for the first 30 calendar days after it was created.
The account would not be new if each of the members on the account had within the preceding 30 calendar days established another account at the credit union; and that account was open for at least 30 calendar days. Different credit unions have different funds availability schedules.
In person cash deposits, wire transfers, and ACH credit transfers generally have next business day availability.
In person deposits of official government checks (Treasury checks, state and local government checks) up to $5,000 generally have next business day availability. However, the amount in excess of $5,000 might not be available until the seventh business day following the business day on which the funds are deposited.
Each credit union may establish its own policy for on-us checks (drawn on the credit union). You may want to review the account agreement you received when you opened the account. It should contain details on the credit union’s funds availability schedule.