Important Regulation D Notice

For Immediate Release
09.30.2011

REDDING, Calif.

Effective October 1, 2011 Members 1st Credit Union will implement Federal Reserve Board Regulation D that limits the number of preauthorized or electronic withdrawals and transfers from your share accounts, including club and sub accounts, to six (6) per month. THIS REGULATION DOES NOT APPLY TO YOUR CHECKING ACCOUNT. Any withdrawals or transfers in excess of the six (6) per month allowed will result in any further transfers to be made in person or by phone with a member service representative.

What types of transactions are limited by this law?
Regular share or savings accounts (including club and sub accounts) are subject to this law. Your checking account is not limited by this law, and you can make unlimited
withdrawals from your checking account.

What transactions count toward the six allowed?
Any preauthorized or electronic withdrawal or transfer from a share account, including club and sub accounts, not made in person or at an ATM is counted toward the
maximum of six (6) per month. This would include the following (if not made in person):

What types of withdrawals or transfers are not limited by the law?

How can I conduct my transactions so as to avoid exceeding the limitations?

Questions?
Need help restructuring your accounts? Want to open a VISA Overdraft Line of Credit or Checking Account?

Call us at (530) 222-6060 or (800) 303-3838