The Funds Availability Policy and Disclosure describes your ability to withdraw funds as a member of IEG Federal Credit Union. This disclosure applies only to transaction accounts. IEG Federal Credit Union has the right to delay the availability of funds that you deposited to non-transaction accounts for a longer period of time.

Our policy is to make deposited funds available immediately except under certain circumstances listed below. Generally speaking, the funds you deposit on any business day during normal business hours will be immediately available for withdrawal. Everyday is a business day, except Saturday, Sundays, Holidays, and days that the Credit Union is closed. Any deposit made on one of the excepted days or after normal business hours is considered to be have been made the next business day.

1. Same Day Availability: Same Day Availability. Funds from the following deposit are available on the same day the deposit is made.
   • Wire Transfer
   • U.S. Treasury Checks payable to you
   • Electronic Direct Deposit
   • IEG FCU On-Us Drafts

   Funds from the following deposit are also available if deposit is made in person to any one of our employees.

   • Tellers, Cashiers, & Certified check(s) payable to you
   • U.S. Postal Money Order payable to you
   • Federal Reserve Bank checks & Federal Home Loan Bank checks payable to you
   • State & Local Government check(s) payable to you
   • Cash
2. Longer Delays may apply on your deposit if it falls under any one of the following circumstances:
   • We believe a check you deposit will not be paid
   • You deposit checks totaling more than $5,000.00 in 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 an interruption of communications or computer equipment.
3. Reservation of Right to Hold. We will tell you if a hold will be placed on the deposit and when the funds will be available. If the deposit is made by other means (or if we decide to place a hold after you as a depositor has left the Credit Union building), we will mail a notice no later than the first business day after we receive the deposit.

We will make the first $100 of the total of each day's deposit available on the 1st business day after the deposit. Funds from deposits place on hold are generally available the 2nd business day for local checks and the 6th business day for non-local checks after the day of deposit.

1. Local Check(s) are checks drawn on or payable at or through a paying bank located in Hawaii and other states located within the 12th Federal Reserve District (Alaska, California, Washington, Oregon, Idaho, Nevada, Arizona, and Utah). The first $100 from deposit of local check(s) will be available on the 1st business day after the day of your deposit. Remaining funds from local check(s) deposited will be available on the 3rd business day after the day of deposit. For example, if a deposit of $900 is made on Monday, $100 will be available on Tuesday. The remaining balance is available on Thursday.
2. Non-local Check(s) are checks drawn on or payable at or payable through a paying bank not located in Hawaii and other states within the 12th Federal Reserve District. The first $100 from deposit of non-local check(s) will be available on the first business day after the day of your deposit. Remaining funds from non-local check(s) deposited will be available on the sixth business day after the day of deposit. For example, if a deposit of $900 is made on Monday, $100 will be available on Tuesday. The remaining balance is available on Tuesday, of the following week.
3. Foreign checks are checks drawn on or payable at or payable through a paying bank OUTSIDE the United States of America. IEG Federal Credit Union DOES NOT accept foreign checks.
4. Holds on Other Funds. When cashing a check that is drawn on another financial institution, we reserve the right to hold back equivalent amount of funds that are already in your account. We will treat such hold, as we would place a hold on any check(s) you deposit. The funds we place on hold in your account will not be available for withdrawal until the time we described in this disclosure.
5. New Account Special Rules. For new members at IEG Federal Credit Union, the following special rules will apply during the first 30 days.

Funds that you deposited at IEG Federal Credit Union in cash, wire transfers, and the first $5000 of a single deposit in any one single day in cashier's check, teller's, certified, traveler's, federal, state, and local government checks will be available the next business day of your deposit. If your deposit is not made in person to any employee of IEG Federal Credit Union, the first $5000 will be available only on the second business day of your deposit. Remaining funds will be available on the 9th business day following the day of your deposit. U.S. Treasury checks are exempted from the above rule.

6. Non-propriety ATMs Deposits. If you make a deposit whether in cash or in check(s), at an ATM that we do not own or operate, funds will not be available until the fifth business day after the day of your deposit.