Credit Union - Banking Information

Bank Secrecy Act

The Bank Secrecy Act is a requirement from the National Credit Union Association's Rule and Regulations to ensure a compliance of the credit union's policies, procedures and processes. 

All board and committee members are required to complete this training.

Bank Secrecy Act

Making a Deposit

The following are options for making deposits to your credit union account.

Current Employees

1. Automatic withdrawal from their paycheck
2. Cash or check delivered to Gyla Hoose

Retired Employees and Family Members of Employees (Not-employed by the district)

1. Receive deposit information from Gyla Hoose to set up automatic payments between accounts
2.Cash or check delivered to Gyla Hoose

Withdrawing Funds

Savings Accounts
If you would like to withdraw money from your savings account, you must make a request in writing or email to Gyla Hoose with the amount requested. Withdraws are typically able to be processed within 1-2 business days. However, if the amount is greater than $5,000 you may need to wait up to two weeks for funds to be redistributed allowing for the withdraw. Please plan accordingly and recognize that this is how we are able to create a higher interest paid on savings accounts.

Christmas Club
Typically withdraws are not made from a Christmas Club account. Money accumulated over the year with added interest is paid in a lump sum in October.*

Vacation Club
Typically withdraws are not made from a Vacation Club account. Money accumulated over the year with added interest is paid in a lump sum in June.*

*If you need to access Christmas or Vacation Club funds prior to the payout time, please contact Gyla Hoose so that we can work to accommodate you.  

Closing Accounts

If you would like to close your account, you must notify Gyla Hoose in writing. She will then supply you with a form that must be completed before a final account can be closed. 

As with withdrawing money from an account, if the amount is greater than $5,000 the disbursement could take up to 2 weeks to be completed. Please plan accordingly.
© 2021. Troy Area School District. All Rights Reserved.