Regulation CC: Check Holds

RELEASE DATE: FEBRUARY 12, 2024
ESTIMATED DURATION: 60 MINUTES

Regulation CC sets forth the requirements that credit unions make funds deposited into transaction accounts available and establishes rules designed to speed the collection and return of unpaid checks.

Violations against Regulation CC for both federal credit unions and federally insured, state-chartered credit unions are enforced by NCUA’s authority.

Credit unions are required to provide their members with rules and disclosures surrounding Regulation CC. This includes having a funds availability schedule within your credit union’s policy that describes your check hold process. Join ViClarity’s Tiffany Mallare, to determine the availability of funds, situations that may arise that will extend the availability, what to do with redeposited checks, and hold confusion with checks that have already been cashed.  Register today!

MEET THE SUBJECT MATTER EXPERT:

Tiffany Mallare is a Compliance Officer for ViClarity US. In this role she provides state and regulatory compliance assistance and training to our affiliated credit union leagues and partners in California/Nevada along with various credit unions nationwide. Tiffany has over 6 years of experience in operations, BSA, and regulatory compliance.  At ViClarity, we support credit unions with a variety of services and solutions that tackle governance, risk, and compliance management, so you can stay focused on your mission to improve the financial wellbeing of your members and communities.