201593646-020

NOTICE OF CHANGE

TO OUR FUNDS AVAILABILITY POLICY

The Funds Availability changes are effective July 1, 2020.

Important new information about making withdrawals from your

account - We are making changes to our funds availability policy with you.

The dollar amounts in bold italics have increased. The result of this

change is that, in the circumstance when the updated dollar amounts

apply, more money will be made available to you sooner.

YOUR ABILITY TO WITHDRAW FUNDS

This disclosure describes your ability to withdraw funds from Aberdeen

Proving Ground FCU. It only applies to the availability of funds in

transaction accounts. The credit union reserves the right to delay the

availability of funds deposited to accounts that are not transaction

accounts for periods longer than those disclosed in this policy. When we

do find it necessary to hold funds, we will notify you when the funds will be

available. During the time period while funds are being held, you may not

withdraw the funds in cash and we will not use the funds to pay checks

that you have written.

Our policy is to make funds from your check deposits available to you

on the second business day after the day we receive your deposit, with the

first $225 available on the first business day after the day of your deposit.

Electronic direct deposits will be available on the day we receive the

deposit. Cash, wire transfers, and some specified check deposits will also

be available before the second business day, as detailed below. Once the

funds are available, you can withdraw them in cash and we will use the

funds to pay checks that you have written.

Please remember that even after we have made funds available to you,

and you have withdrawn the funds, you are still responsible for checks you

deposit that are returned to us unpaid and for any other problems involving

your deposit.

For determining the availability of a deposit every day is a business day

except Saturdays, Sundays, and federal holidays. If you make a deposit on

a business day, we will consider that day to be the day of deposit.

However, if you make a deposit on a day we are not open, we will consider

that the deposit will be made on the next business day we are open.

Same-Day Availability

Funds from the following deposits are available on the same business

day we receive your deposit:

• U.S. Treasury checks that are payable to you.

• Wire transfers.

• Checks drawn on Aberdeen Proving Ground Federal Credit Union.

If you make the deposit in person to one of our employees, funds from

the following deposits are also available on the same business day we

receive your deposit:

• Cash.

• State and local government checks that are payable to you.

• Cashier’s, certified, and teller’s checks that are payable to you.

• Federal Reserve Bank checks, Federal Home Loan Bank checks,

and postal money orders, if these items are payable to you.

If you do not make your deposit in person to one of our employees (for

example, if you mail the deposit or deposit at an ATM,) funds from these

deposits will be available on the second business day after the day we

receive your deposit.

Other Check Deposits Subject to Second-Day Availability

The first $225 from a deposit of other checks will be available on the

first business day after the day of your deposit. The remaining funds will be

available on the second business day after the day of your deposit.

For example, if you deposit a check of $700 on a Monday, $225 of the

deposit is available on Tuesday. The remaining $475 is available on

Wednesday.

If we cash a check for you that is drawn on another bank, we may

withhold the availability of a corresponding amount of funds that are

already in your account. Those funds will be available at the time funds

from the check we cashed would have been available if you had deposited

it.

If we accept for deposit a check that is drawn on another bank, we may

make funds from the deposit available for withdrawal immediately but

delay your availability to withdraw a corresponding amount of funds that

you have on deposit in another account with us. The funds in the other

account would then not be available for withdrawal until the time periods

that are described elsewhere in this disclosure for the type of check that

you deposited.

LONGER DELAYS MAY APPLY

Funds you deposit by check 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 $5,525 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.

Your account is less than 30 days old.

We will notify you if we delay your ability to withdraw funds for any of

these reasons, and we will tell you when the funds will be available. They

will generally be available no later than the fifth business day after the day

of your deposit.

SPECIAL RULES FOR NEW ACCOUNTS

If you are a new member, the following special rules will apply during

the first 30 days your account is open.

Funds from electronic direct deposits to your account will be available

on the day we receive the deposit. Funds from deposits of cash, wire

transfers, and the first $5,525 of a day’s total deposits of cashier’s,

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 (and you may have to use a special deposit slip). The

excess over $5,525 will be available on the ninth business day after the

day of your deposit. If your deposit of these checks (other than a U.S.

Treasury check) is not made in person to one of our employees, the first

$5,525 will not be available until the second business day after the day of

your deposit.

Funds from all other check deposits will be available on the ninth

business day after the day of your deposit.

FFAD-CU-CN 8/1/2019 Custom 3q 201593646-020 Page 1 of 1