The Time It Takes Your Deposits to Become Available at Top 10 Credit Unions

Theresa Kim

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Updated on Tue Jun 17, 2014

You deposited your check — but when will that money become accessible to you? Fund availability policies at banks and credit unions can vary depending on the type of transaction and the time of the deposit. These factors will determine when the money you deposited will become available for use or withdraw.

ATM withdrawal

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Knowing when you will have access of your money can be helpful since you can plan to do things like pay bills on a certain date.

Many times, check deposits can leave the recipient worried about when the money will become fully accessible, and at times, both parties are confused about when the transaction will become finalized.

Some credit unions offer funds immediately after the deposit has been made, while others make you wait until the next business day. Use the following table to compare how long it takes for your deposits to become available at the top 10 credit unions.

Fund availability policies at the top 10 credit unions

Credit UnionsFund AvailabilityCut-off Time for Deposits
Navy Federal Credit UnionGenerally available for immediate withdrawal.Settlement time (2:00 pm, local time, for a staffed office or 12:00 noon, Eastern Time, for a Navy Federal Automatic Teller).
State Employees Credit UnionGenerally available for immediate withdrawal.5:30 p.m. on a business day.
Pentagon Federal Credit UnionGenerally available for immediate withdrawal.3:00 p.m. on a business day.
Boeing Employees Credit UnionCash and check deposits generally available the first business day following deposit.Closing time on a business day.
Schoolsfirst Federal Credit UnionDeposits available on the same business day.Business hours during business day. 9 a.m. at After Hours Depository, 12:00 p.m. at 24-Hours ATM, and 30 minutes before closing at an Express Deposit Box.
The Golden 1 Credit UnionCash, check and electronic direct deposits available for immediate withdrawal.Closing time on a business day. 3:00 p.m. at ATMs.
Alliant Credit UnionDeposits available on the same business day.2:00 p.m. on a business day.
Security Service Federal Credit UnionCash and check deposits available on the first business day.Closing time on a business day.
Star One Credit UnionDeposits available on the same business day.5:00 p.m. on a business day.
San Diego County Credit UnionCash, check, and electronic deposits available on same business day.3:00 p.m. on a business day.

Ideally, all deposits will be available as the chart indicates above, but unfortunately, this is not always the case. In fact, the credit union may hold your money for an extended period of time for various reasons. To control the hold period on deposits, the Expedited Funds Availability Act was passed in 1987, which regulates how deposit hold policies are carried out at all banks and credit unions in the U.S.

Another important thing to keep in mind is that even though the amount was posted to your account and accessible to you, it does not mean that the check has cleared.

There is no set time frame on how long it takes a check to clear at credit unions and cannot be determined before the check is first submitted for deposit. The actual transaction is a multistep process — heavily dependent on the paying institution — with several factors (like type of transaction and amount of deposit) that could possibly delay your bank from receiving the funds.

Generally if there are no issues, your credit union should receive the funds within five business days, after which the check will clear.

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