FAQ’s

Q?

How much is my account insured for?

A.

All deposit accounts are insured by NCUA up to $250,000.  If you have multiple accounts that exceed $250,000, some of your money MAY not be insured.  The basic NCUA coverage limits are:

  • Single Ownership Accounts (owned by one person with no beneficiaries): $250,000 per member-owner
  • Joint Ownership Accounts (two or more persons with no beneficiaries): $250,000 per owner (with the primary owner a member of the credit union)
  • IRAs and other certain retirement accounts: $250,000 per member-owner
  • Revocable Trust Accounts: Each member-owner is insured up to $250,000 for each eligible beneficiary named or identified in the revocable trust, subject to limitations and requirements.
  • Irrevocable Trust Accounts: Each Owner (so long as the owners OR all beneficiaries are members of the Credit Union) is insured up to $250,000 for each eligible beneficiary named or identified in the irrevocable trust, subject to specific limitations and requirements.  Coverdell Education Savings Accounts, formerly education IRAs, are insured as irrevocable trust accounts.
  • A qualifying eligible beneficiary must be a natural person, or charitable organization or non-profit entity under the Internal Revenue Code.

*These share insurance coverage limits refer to the total of all shares that account owners have at each federally insured Credit Union.  The listing above shows only the most common ownership types that apply to individual and family shares, and assumes that all NCUA requirements are met.

Q?

Who can join Tri-Lakes Federal Credit Union?

A.

Anyone who lives, work, worships or attends school in the Tri-Lakes Area.

And once a member, always a member!

Q?

How do I sign up for direct deposit?

A.

Our routing is 221382361.  Please give your payroll department our routing number and your share (savings) account number or your 14 digit checking account number, which can be found on the bottom of your checks.

Q?

How do I change my name on my account?

A.

A new signature card will need to be signed by the account owner whose name has changed for all accounts held with Tri-Lakes Federal Credit Union.  We also need a copy of your new driver’s license, marriage certificate or divorce papers.  We ask that you come to the Credit Union to change your name.

Q?

How to I add/remove joint owners from my account?

A.

A joint owner must come to the Credit Union to remove their name from an account.  The primary accountholder cannot request to remove a joint owner.  We need a signature from the joint accountholder to remove their name from the account.  This must be done in person at the Credit Union or with a letter signed by a notary public.

Q?

What are the daily limits on debit card transactions?

A.

ATM-$703.00
Point of Sale-$2,500.00

There is a daily limit of 3 pin transactions and 10 credit transactions in a 24 hour period.  This time period runs from 4pm to 4pm and resets itself every day.  We cannot change the number of transactions you are allowed as this is set for your security.