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Funds Availability Policy Disclosure

CHANGE IN TERMS
Funds Availability Policy Disclosure
Effective 7/01/2025

Due to changes in Federal Regulation CC, the amount of funds that must be made available to you will be changing. Effective 7/1/2025, the following changes will be made to
our Funds Availability Policy.

LONGER DELAYS MAY APPLY – In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after we receive your deposit. Depending on the type of check you deposit, funds may not be available until the second business day after the day of your deposit. The first $275.00 (increase from $225.00) of your deposits, however, may be available on the first business day after the day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the 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. 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 send you the notice by the 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.

In addition, funds you deposit may be delayed for a longer period under the following circumstances:
• We believe a check you deposit will not be paid.
• You deposit checks totaling more than $6,725.00 (increase from $5,525.00) on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn your account repeatedly in the last six months.
• 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 the 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.

SPECIAL RULES FOR NEW ACOUNTS – If you are a new member, the following special rules will apply during the first 30 days your account is open.

Funds from electronic deposits to your account will be available on the day we receive the deposit Funds from deposits of cash, wire transfers, and the first $6,725.00(increase from $5,525.00) of a day’s total deposits of cashier’s checks, certified teller’s, traveler’s, and federal, state, and local government checks will be available on the first business day after the day of your deposit. If the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $6,725.00 (increase from 5,525.00) will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than U.S. Treasury Checks) is not made in person to one of our employees, the first $6,725.00 (increase from $5,525.00) will not be available until the second business day after the day of your deposit. Funds from all other checks will be available on the tenth business day after the day of your deposit.

Holiday Closure Notices

11.23.2023 – 11.25.2023 (Thursday, Friday, Saturday) – Closed for Thanksgiving Holiday

12.01.2023 (Friday) – 5PM Early Closure (Cleburne only) for the Whistle Stop Christmas Parade

12.14.2023 (Thursday) – 4PM Early Closure for MCU Board & Staff Christmas Holiday Party

12.22.2023 (Friday) – 2PM Early Closure for Christmas Holidays

12.23.2023 – 12.25.2023 (Saturday – Monday) – Closed for Christmas Holidays

12.30.2023 – 01.01.2024 (Saturday – Monday) – Closed for New Years Holiday

ATMs are available for withdrawals. Virtual Branch and our MCU App are available to check balances, make transfers, pay bills, make check deposits and more.

We Are Hiring!

MCU is accepting applications for the following full-time position at our Cleburne location: Teller

Members Credit Union offers a competitive benefits package, great facilities and an awesome group of people to work with.

Come by our Cleburne office at 833 N Nolan River Rd to apply and submit your resume.

Staff Service Recognition

The following staff members were recognized during the MCU Annual Meeting for a milestone year of service during 2023. From teller to CEO, every employee plays a huge role in the success of Members Credit Union. Chris Cooke, President of our Board of Directors, presented each with their service award at the MCU Annual Meeting on Tuesday, March 21.
Clark Williams – Burleson – Financial Services – 5 years
Mirtza Martinez – Cleburne – Lead Teller – 10 years
Paul Elkins – Cleburne – President & CEO -15 years
Will Head – Cleburne – Vice President of Lending – 20 years

Holiday Closure Notice

Monday, February 20, MCU will be closed in observance of the President’s Day holiday.

ATMs are available for cash withdrawals. Use our mobile app or Virtual Banking online to get your balance, make transfers, send money with Zelle, schedule BillPay transactions and more.

Have a safe and happy holiday weekend.

Notice of Annual Meeting

Mark your calendar for Tuesday, March 21, 2023, to attend the MCU Annual Business Meeting. The meeting will be held at 6:00pm at the Cleburne Conference Center.  There will be a short business meeting for approval of the Minutes from 2022’s Annual Business Meeting and the election of Board Members. Afterwards there will be a door-prize drawing. The meeting is expected to conclude within the hour.  Light refreshments will be served. No entry tickets are required. Tickets for door-prizes will be handed out to adult Members at the door.

Our Credit Union depends on volunteers to serve on our committees and to assist in other ways.  A nominating committee has been appointed to coordinate and compile a listing of those who may be interested in volunteering their time.  The members of the nominating committee are David Price, Sabrina Watson and Debbie Rice. You may contact them directly or drop by the Credit Union office for further information on serving as a volunteer for your credit union.  Current Board Members up for re-election during the Annual Meeting include Cleve Weyenberg, Jr., Greg Wilmore and Cecil May.

Weather Closure

Due to hazardous driving conditions, MCU will remain closed on Thursday, February 2. The MCU mobile app and online Virtual Banking will give you access to your balance, transfers, mobile deposits and more.

Members Credit Union BBB Business Review

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