Can anyone advise if they have had any problems getting a matured CD funds returned back to the owner via paying for it to be wired to one's bank from a credit union? For example, we have a CD due to mature from an out of state credit union for a "decent" amount and I don't want them to just mail the check by regular mail which can take several days. I was advised by the credit union they would put the funds in the Share savings account we have when it matures and I could just call them over the phone and request them to wire the funds to our local bank account. My concern is once they stick it in their Share savings for us, whether they would release the funds immediately the next day to wire to our local bank. They do not do ACH transfers so it's a domestic Wire for $15.00 or regular mail.
Has anyone withdrawn a closed, matured CD from a credit union by this procedure and can advise if they encountered any problems getting their funds as soon as possible or any holdups? Thanks for any info or advice. Much appreciation.