Frequently Asked Questions
Agree to receive your monthly statement through email (e-Statements)
AND
- One direct deposit into your account a month
OR - Five or more debit card transactions per calendar month.
(Excludes ATM + Zelle transactions)
Direct Federal Credit Union
ISAOA/ATIMA
P.O. Box 2092
Carmel, IN 46082
You can request a Home Equity Line of Credit and Credit Card increase through Online Banking.
Depending on the assessed value of your home, and the amount of equity you have in it, you may be eligible to refinance/increase your existing Direct Federal Home Equity Line. Home Equity Line Refinances/Increases have a $295 fee.
Click here to apply to refinance/increase your existing Home Equity Line >
Possible reasons for the difference in balance and available balance could be as follows:
-SAME-DAY AVAILABILITY
Funds from the following deposits are available on the day of deposit:
• Cash.
• Electronic deposits, including wire transfers and pre-authorized credits (such as social security benefits and payroll payments), but not including check deposits sent to the Credit Union through Mobile Deposit.
• Checks drawn on Direct Federal Credit Union.
• The lesser of (1) $1000 or (2) all other deposits (except Foreign Checks).
NEXT-DAY AVAILABILITY
Funds from the following deposits are available on the first business day after the day of deposit:
• Checks drawn on the United States Treasury and payable to you
• The following checks, if they are payable to you and are deposited in person at a branch: • Commonwealth of Massachusetts and local government checks
• Cashier’s, certified, and teller’s checks
• Checks drawn on a Federal Reserve Bank or a Federal Home Loan Bank
• U.S. Postal Money Orders
SECOND-DAY AVAILABILITY
Funds from the following deposits are available on the second business day after the day of deposit:
• The following checks, if they are not payable to you and/or are not deposited in person at a branch: • Commonwealth of Massachusetts and local government checks
• Cashier’s, certified, and teller’s checks
• Checks drawn on a Federal Reserve Bank or a Federal Home Loan Bank
• U.S. Postal Money Orders
• The lesser of (1) all other deposits (except Foreign Checks) or (2) the first $5,000 of all deposits you made that day minus any portion of such amount that has already been made available to you.
FIFTH-DAY AVAILABILITY
All other deposits (except Foreign Checks) will be available no later than the fifth business day after the day of your deposit.
LONGER DELAYS MAY APPLY
-Pending transactions have yet to post to the account.
We do not charge for the coin machine but you must be a member to use it.
The coin machine is available Monday-Friday (8am-3pm) and Saturday (8am-12pm).
Please contact us at 888.2DIRECT if you plan on coming into the Branch to use the coin machine.
Only new HELOCs are eligible for the introductory rate. Increases/refinances of an existing HELOC at Direct Federal do not qualify.
Yes, you will need to submit a HELOC application and select "Home Equity Increase (Refinance)" as the purpose.
Home Equity Line Refinances/Increases have a $295 fee.
Click here to apply to refinance/increase your existing Home Equity Line >
