The CU offers a limited cheque encasement service subject to certain requirements as follows:
- Cheque must be either from
In most instances and upon verification from the issuing authority immediate cash could be available provided the member has an active account with the Credit Union. In order for this service to be accessed there must be evidence of good management of account, limited withdrawals from the saver plus account and some of the proceeds of cheque must be deposited into the saver plus account.
The service is again limited and is only offered to active members who have demonstrated good management of their account. This service is only available after two previous cheques from the same employer has been successfully negotiated under the normal cheque encasement procedure (funds available after 8 working days). Once again there must be evidence of good management of account, limited withdrawals from the saver plus account and some of the proceeds of each cheque must be deposited and left on the saver plus account.
* subject to approval by management |
