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News & Announcements

July 1 2020 Policy Changes

Effective July 1, 2020, Illinois Community Credit Union revised its Funds Availability Policy to expedite the availability of funds subject to certain deposit check holds. For the following hold policies, the amounts have been increased as shown below.

Reservation of Right to Hold  – The first $200 of your deposit will be available on the first business day – increased to $225.

Longer Delays May Apply - We may delay your ability to withdraw funds deposited by check into your account for an additional number of days if you deposit checks totaling more than $5,000 on any one (1) day – increased to $5,525.

Special Rules for New Accounts

  • Funds from deposits of cash, wire transfers, and the first $5,000 of a day’s total deposits of cashier’s, certified, traveler’s, and federal, state, and local government checks, will be available on the first business day after the day of your deposit - increased to $5,525
  • Any excess funds over $5,000 will be available on the ninth business day - increased to $5,525

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