Regulation CC
In compliance with federal Regulation CC (Availability of Funds and Collection of Checks), Ingersoll Rand Federal Credit Union (IRFCU) will implement updated funds availability thresholds beginning July 1, 2025.
These changes are required by the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board to account for inflation, and they impact the amount of funds we are required to make available to you in certain check deposit situations.
What’s Changing?
Effective July 1, 2025, the following updates to Regulation CC will take place:
| Threshold Type | Current Amount | New Amount (Effective July 1, 2025) |
|---|---|---|
| Minimum Availability Amount* | $225 | $275 |
| Cash Withdrawal Amount** | $450 | $550 |
| Large Deposit Exception Hold | $5,525 | $6,725 |
| New Account Exception Hold | $5,525 | $6,725 |
| Repeated Overdraft Exception Hold | $5,525 | $6,725 |
What Does this Mean for You?
- When you deposit a check, the first $275 (up from $225) of certain deposits will be available by the next business day.
- For large check deposits or accounts with special conditions (such as new accounts or repeated overdrafts), the threshold for extended holds will increase to $6,725.
These changes help ensure your funds are available more quickly and align with updated federal guidelines.
At IRFCU, we are committed to transparency and helping you understand how your money is handled. If you have any questions about these changes or how they might affect your deposits, please reach out to us at 1(888) 747-9021.
* This is the amount of a deposit that must be made available by the next business day.
**This applies to the amount available for cash withdrawal from a certain deposit.