Common use of Reservation of Right to Hold Clause in Contracts

Reservation of Right to Hold. In some cases, we will not make all the funds that you deposit by check available to you on the same business day that we receive your deposit. The first $200 of your deposit, however, may be available for withdrawal on the same business day of your deposit. If we are not going to make all of the funds from your deposit available for withdrawal on the same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawal. If your deposit is not made directly to one of our employees, or if we take this action after you have left the premises, we will mail you the notice by the next business 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 for withdrawal. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules when: ● We believe there is reasonable cause to doubt the collectability. ● 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: ○ On six or more banking days during the previous six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative in the amount of $5,000 or more, or would have been had checks and charges been paid. ● There is an emergency, such as failure of computer or communications equipment. We will notify you if we delay your ability to withdraw 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 the seventh business day after the day of your deposit.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive 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 $200 225 of your deposit, however, may be available for withdrawal on the same business day of your deposit. If we are not going to make all of the funds from your deposit available for withdrawal on the same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawal. If your deposit is not made directly to one of our employees, or if we take this action after you have left the premises, we will mail you the notice by the next business 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 for withdrawal. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to for the federal funds availability schedules whenfollowing reasons: ● • We believe there is reasonable cause to doubt the collectabilitya check you deposit will not be paid. ● • You deposit checks totaling more than $5,000 5,525 on any one day. ● • You redeposit a check that has been returned unpaid. ● • You have overdrawn your account: ○ On six or more banking days during account repeatedly in the previous last six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative in the amount of $5,000 or more, or would have been had checks and charges been paid(see “Special Rules for Abused Accounts” section). ● • There is an emergency, such as failure of computer or communications equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be availableavailable for withdrawal. They will generally be available for withdrawal no later than the seventh business day after the day of your deposit.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day as the day of your deposit. Depending on the type of check that we receive you deposit, funds may not be available until the 2nd business day after the day of your deposit. The first $200 250.00 of your deposit, however, may will be available for withdrawal on the same business day of your deposit. If we are not going to make all of the funds from your deposit available for withdrawal on the same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawalavailable. 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 next business 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 for withdrawalavailable. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules whenfor these reasons: ● We believe there is reasonable cause to doubt the collectability. ●  You deposit checks totaling more than $5,000 5,550.00 on any one day. ●  You redeposit a check that has been returned unpaid. ●  You have overdrawn your account: ○ On six or more banking days during the previous six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative repeatedly in the amount of $5,000 or more, or would have been had checks and charges been last six months.  We believe a check you deposit will not be paid. ●  There is an emergency, such as failure of computer or communications equipment. We will notify you if we delay your ability to withdraw 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 the seventh 7th business day after the day of your deposit.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit deposited by check available to you on the same business day that we receive your of deposit. The first $200 Depending on the type of your depositcheck that is deposited, however, funds may not be available for withdrawal on until the same ninth business day after the day of your deposit. If we are not going to make all of the funds from your a deposit available for withdrawal on the same first business day, we will notify you at the time you make your depositthe deposit is made. We will also tell you when the funds will be available for withdrawalavailable. If your the deposit is not made directly to one of our employeesa Credit Union employee, or if we decide to take this action after you have left the premises, we will mail you the notice by the next business day after we receive your the deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Same Day Availability – The Credit Union affords same day availability for cash deposits, checks drawn on us, and electronic fund transfers. Next Day Availability – The following checks will have the first $200.00 available for withdrawal. We may delay the same day of your ability to withdraw funds deposited by check into your account an additional number deposit and the remainder will be available the next business day after the deposit: • Deposits of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules when: ● We believe there is reasonable cause to doubt the collectability. ● You deposit checks totaling more than $5,000 on any one day. ● You redeposit • Redeposits of a check that has been returned returned, unpaid. ● You have • Your account has been overdrawn your account: ○ On six or more banking days during the previous six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative repeatedly in the amount of $5,000 or more, or would last six months. • We have been had checks and charges been “reasonable cause” to believe a check deposited will not be paid. ● There is an emergency, • An emergency such as failure of communications or computer or communications equipment. We will notify you if we delay your ability to withdraw 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 the seventh sixth business day after the day the deposit is otherwise available for withdrawal. Funds from check deposits made at a Shared Branching location may not be available until the second business day after the day of your deposit.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive your deposit. The first $200 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. However, however, may the first $200.00 of your deposit will be available for withdrawal on the same business day of your deposit. If we are not going to make all of the funds from your deposit available for withdrawal on the same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawalavailable. If your deposit is not made directly we decide to one of our employees, or if we take this action after you have left the premises, we will mail you the notice by the next business day after we receive your deposit. If you do not make your deposit in person to one of our employees at one of our branches (for example, if you mail a deposit) funds from these deposits may not be available until the second business day after the day 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 for withdrawalavailable. We may delay your ability to withdraw In addition, funds deposited you deposit by check into may be delayed for a longer period. Funds under the following circumstances will generally be available no later than the seventh business day after the day of your account an additional number of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules whendeposit: ●  We believe there is reasonable cause to doubt the collectabilitya check you deposit will not be paid (collected). ●  You deposit checks totaling more than $5,000 on any one day. ● (The first $200 will be available the day of deposit, an additional $4,800 will be available on the second business day, and excess over $5,000 will be available on the fifth business day).  You redeposit a check that has been returned unpaidunpaid (re-deposited checks). ●  You have overdrawn your account: ○ On six or more banking days during the previous six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative repeatedly in the amount of $5,000 or more, or would have been had checks and charges been paidlast six months. ●  There is an emergency, such as failure of computer or communications equipment, natural disasters, or other situations that prevent us from processing checks as normal. We will notify you if we delay your ability to withdraw 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 the seventh business day after the day of your deposit. Restriction Required by Applicable Laws - We will block, limit or otherwise restrict certain accounts or transactions when we believe in good faith that certain laws including but not limited to the Bank Secrecy Act, USA Patriot Act and Office of Foreign Assets Control Act require us to do so.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive 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 $200 of your deposit, however, may be available for withdrawal on the same business day of your deposit. If we are not going to make all of the funds from your deposit available for withdrawal on the same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawal. If your deposit is not made directly to one of our employees, or if we take this action after you have left the premises, we will mail you the notice by the next business 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 for withdrawal. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to for the federal funds availability schedules whenfollowing reasons: ● • We believe there is reasonable cause to doubt the collectabilitya 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: ○ On six or more banking days during account repeatedly in the previous last six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative in the amount of $5,000 or more, or would have been had checks and charges been paid(see “Special Rules for Abused Accounts” section). ● • There is an emergency, such as failure of computer or communications equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be availableavailable for withdrawal. They will generally be available for withdrawal no later than the seventh business day after the day of your deposit.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day you make the deposit. Depending on the type of check that we receive you deposit, funds may not be available until the fifth business day after the day of your deposit. The However, the first $200 of your deposit, however, may deposit will be available for withdrawal on the same first business day after the day of your deposit. If we are not going to make all of the your funds from your deposit available for withdrawal on the same first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawalavailable. 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 next business 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 for withdrawalavailable. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules whenfor these reasons: ●  We believe there is reasonable cause to doubt the collectability. ● a check you deposited will not be paid  You deposit checks totaling more than $5,000 on any one day. ● day  You redeposit a check that has been returned unpaid. ● unpaid  You have overdrawn your account: ○ On six or more banking days during account repeatedly in the previous last six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative in the amount of $5,000 or more, or would have been had checks and charges been paid. ●  There is an emergency, such as failure of communications or computer or communications equipment. equipment We will notify you if we delay your ability to withdraw 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 the seventh eleventh business day after the day of your deposit.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive of your deposit. The first $200 These funds may not be available until the second business day after the day of your deposit. However, howeverthe first $225, may or such greater amount as required by annual adjustments to Regulations CC from the aggregate of all other deposits made on any given day, will be available for withdrawal on the same first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available for withdrawal on the same first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawalavailable. 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 next business 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 for withdrawalavailable. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules whenfor these reasons: ● We believe there is reasonable cause to doubt the collectability. ● • You deposit checks totaling more than $5,000 5,525 or such greater amount as required by annual adjustments to Regulation CC, on any one day. ● • You redeposit a check that has been returned unpaid. ● • You have overdrawn your account: ○ On six or more banking days during the previous six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative repeatedly in the amount of $5,000 or more, or would last six months. • We have been had checks and charges been “reasonable cause” to believe a check you deposited will not be paid. ● • There is an emergency, emergency such as failure of computer communications or communications equipmentcomputers. We will notify you if we delay your ability to withdraw 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 the seventh business day after the day of your depositdeposit is otherwise available for withdrawal.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day you make the deposit. Depending on the type of check that we receive you deposit, funds may not be available until the fifth business day after the day of your deposit. The However, the first $200 225 of your deposit, however, may deposit will be available for withdrawal on the same first business day after the day of your deposit. If we are not going to make all of the your funds from your deposit available for withdrawal on the same first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawalavailable. 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 next business 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 for withdrawalavailable. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules whenfor these reasons: ●  We believe there is reasonable cause to doubt the collectability. ● a check you deposited will not be paid  You deposit checks totaling more than $5,000 5,525 on any one day. ● day  You redeposit a check that has been returned unpaid. ● unpaid  You have overdrawn your account: ○ On six or more banking days during account repeatedly in the previous last six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative in the amount of $5,000 or more, or would have been had checks and charges been paid. ●  There is an emergency, such as failure of communications or computer or communications equipment. equipment We will notify you if we delay your ability to withdraw 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 the seventh eleventh business day after the day of your deposit.

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the same business day that we receive of your deposit. The first $200 These funds may not be available until the second business day after the day of your deposit. However, howeverthe first $200, may or such greater amount as required by annual adjustments to Regulations CC from the aggregate of all other deposits made on any given day, will be available for withdrawal on the same first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available for withdrawal on the same first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available for withdrawalavailable. 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 next business 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 for withdrawalavailable. We may delay your ability to withdraw funds deposited by check into your account an additional number of days under certain circumstances. Federal law provides exceptions to the federal funds availability schedules whenfor these reasons: ● We believe there is reasonable cause to doubt the collectability. ● • You deposit checks totaling more than $5,000 or such greater amount as required by annual adjustments to Regulation CC, on any one day. ● • You redeposit a check that has been returned unpaid. ● • You have overdrawn your account: ○ On six or more banking days during the previous six months the account had a negative balance, or would have had a negative balance had checks and charges been paid, or ○ On two or more banking days during the previous six months the account balance was negative repeatedly in the amount of $5,000 or more, or would last six months. • We have been had checks and charges been “reasonable cause” to believe a check you deposited will not be paid. ● • There is an emergency, emergency such as failure of computer communications or communications equipmentcomputers. We will notify you if we delay your ability to withdraw 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 the seventh business day after the day of your depositdeposit is otherwise available for withdrawal.