Postdated Checks

August 25, 1992

Floyd E. Scouter
IR Federal Credit Union
4705 Queensbury Road
Riverdale, Maryland 20737

Re: Postdated Checks (Your August 3, 1992, Letter)

Dear Mr. Schlueter:

You have asked how can a federal credit union protect itself from liability in processing a postdated check. There is nothing in the FCU Act or NCUA's Regulations concerning postdated checks. This issue is covered by state law. We recommend that you continue consulting with local counsel for a resolution of your problem.