Can credit union checking be garnished?

Answer by  zaddel (8)

ANY bank account can be garnished. But, if your account consists of federal money (disability and/or social security), no one except the feds can garnish the account. Remember that checking accounts containing less than $1000 cannot be garnished. I just went through it and went to court. I won.

Answer by  carfixer (243)

No. Garnishment comes from your paycheck before you even see it, so it doesn't matter if you even have a checking account, let alone which financial institution it is with.

Answer by  spragoo (1500)

Yes you checking account can be garnished as this is considered the same type of banking account that you have with a bank. Both banks and credit unions are similar in that matter.

Answer by  patti (29325)

Any assets like checking and savings accounts can be attached through court order. The courts send out notification to all lenders requiring them to attach assets. The lenders are required by law to comply and are paid a fee that comes out of the attached assets. Banks, credit unions, and savings and loan accounts are all subject to garnishment.

Answer by  Shankalot (484)

Yes, a court can order a credit union to pay a garnishment in the same way it can do with a bank. The rules are very clear in this regard, to protect the interests of the person or company who has the garnishment on your wages. Each state is a little different, but the result is the same.

Answer by  tamarawilhite (17883)

The only difference between credit unions and banks is that credit unions are set up as non-profits. Your checking account can be garnished no matter where it is.