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Two Accounts: One Big Problem

I have funds in an account with a credit union in a state other than where I reside. I have a different account with a another credit union in my state of residence. Will the credit union of my current residence issue a cashier's check for the funds available in the account from the credit union of my non-resident state?

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Generally, no. Each credit union operates independently. In some cases, credit unions have agency agreements in place that permit them to act on behalf of each other, but you'll have to ask the credit unions in question whether or not they have such an agreement in place. In most cases, you'd have to arrange with the out of state credit union directly for the cashier's check from your account there.

There is one exception that might apply, however. If you are planning to close out the out-of-state account, your local credit union may be able to help you sign a draft on your out-of-state account for the balance plus any unpaid dividends, which will get sent to the out-of-state credit union. The out-of-state credit union, if it agrees to honor the draft, will close out the account and send its cashier's check payable to you directly to the local credit union for credit to your account there.

Published on BankingQuestions.com 9/22/09