Important Update to Funds Availability: Effective July 1, 2025

As part of a federally mandated update under the Expedited Funds Availability Act, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board have adjusted funds availability dollar amounts to account for inflation. These updates occur every five years and apply to all financial institutions, including APL Federal Credit Union.

Below are the key updates that will take effect on July 1, 2025:

• Check Deposits: The first $275 will be available the next business day.
• Large Check Deposit Threshold: For check deposits over $6,725, the amount above this may take up to 9 business days to clear.

Why These Changes Happen:

Under a rule adopted in 2020, Reg CC dollar thresholds are adjusted every five years to account for inflation. These rules ensure greater transparency and consistency across financial institutions, and help protect consumers by giving clear timelines for access to deposited funds.