Regulation D – Account Classification and Transaction Limitation
The Credit Union is required to follow regulations set forth by the Federal Reserve Bank. Regulation D governs the amount of
reserves that a financial institution must set aside based on deposit accounts.
The following transactions can be performed from your share, IRA or money market account but are limited to a maximum of six total
transactions (any combination) per account, during a calendar month due to the requirements of Regulation D.
Internet transfers to another deposit account
Voice Response transfers to another deposit account
Phone transfers to another deposit account via our 24/7 Member Services or your local branch
Overdraft transfers to a checking account
Automated funds transfers to another deposit account
Funds transfers or withdrawals (not initiated in person at a branch) and payable to a third party such as a wire transfer request or recurring wire
All other transactions types are unlimited.
*Quoted rates, dividends, annual percentage yields (APY) and annual percentage rates (APR) are subject to change daily at the discretion of the Board of Directors.