Why is there a hold on my balance?

There are a variety of reasons that a hold may be placed on your funds. Holds are placed on deposits involving checks to ensure that the deposited checks pay before funds are released. If a check is dishonored by the paying bank, the hold ensures that the funds are still in your account when the deposit is deducted. When you accept a check from anyone, it is subject to final payment and your responsibility, not the Credit Union’s, to collect from the person who wrote the check should it come back unpaid. Holds can be placed on unverified ATM deposits and Shared Branch deposits. If we are alerted that a check is coming back unpaid, a hold will be placed on your account for the amount of the check. If we suspect fraudulent activity is occurring, holds may be placed to safeguard your funds. Holds are also placed on funds when we are served with a levy or other legal notification