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Same Day Processing


Phase 2 of same-day ACH processing is scheduled for September 15, 2017. As of this date, ACH debits, in addition to credits, will be eligible for same day origination and settlement.

HCFCU is preparing for the second phase of upcoming mandatory changes in the way payments are processed through the ACH network. These changes will allow same day ACH payment capability across the entire ACH network. Under the new rule, virtually all ACH transactions will be eligible for same-day processing and settlement in various phases through 2018. Phase 1, which allowed for same day ACH credits, was implemented in September of 2016.

The upcoming changes may impact how quickly withdrawal transactions post to your account. It will be possible for an ACH payment to post on the same day as the transaction is conducted. Posting of funds from same-day ACH payments is solely dependent on the originating institution.

Important Reminders:

  • The credit union posts ACH transactions within the applicable distribution windows they are received. The order in which your transactions post depends on how and when the company you scheduled the transaction with processes your transaction. HCFCU will process ACH credits before processing ACH debits received within the same distribution window, however, we have no control over which distribution windows your debits and credits will be received.
  • To stay on top of your account we offer our 24 hr Online Banking Center. We also offer our companion Mobile App to access your account on the go: Anytime, Anywhere. For more information please visit, hcfcu.com/online-banking.

Frequently Asked Questions:

  • Will this change any automatic payments that are charged to my account? Yes – It could. The originating merchant must be sure to include the correct authorized settlement date on the transaction.
  • What does the ‘same day’ ACH rule change mean? The National Automated Clearing House Association (NACHA) has implemented new processing rules in an effort to improve settlement times for transactions and improve consistency between financial institutions.
  • What is ACH? ACH stands for Automated Clearing House, which in summary means the electronic transaction that moves between institutions and post to accounts in the form of deposits and withdrawals. An example of an ACH transaction is direct deposit.
  • Will other banks or financial institutions be doing the same thing? Effective September 15, 2017, the National Automated Clearing House Association (NACHA) will implement phase 2 of new mandatory ACH Rules, for all institutions. However, internal processing changes may vary between financial institutions as they prepare to comply with the new rules.

Debit Card Fraud Notifications

Debit Card fraud just became a bit easier to fight with HCFCU. Introducing, Card Alert Notifications, sent to members via text messaging or via a phone call to your primary number on your account. Save “33748” into your phone’s contact list, along with “877-230-3179” to be displayed as HCFCU Auto Notices.

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