Direct Deposit for Owners
Direct Deposit is...
A study has shown the total direct and indirect costs of depositing a check yourself, instead of using Direct Deposit, are $5.88. If you get paid every other week, it would end up costing you more than $150 a year to deposit your own paycheck!
With Direct Deposit, your money is electronically transferred into your account and available to use the next business day immediatley following the check date.
There's no need to worry about lost, stolen or misplaced checks. Direct Deposit is more confidential than paper payments because fewer people are involved in the process. And at your federally insured credit union, deposits are insured to at least $100,000.
Direct Deposit eliminates having to make deposits in person. If you are ill or away from home, your funds will be credited to your account in your absence.
You can be assured your money will be deposited to your account on time, correctly and confidentially.
It's easy to get started. Read below to see how easy it is to set up Direct Deposit of your funds.
How To Sign Up for Direct Deposit
- Under the Owners menu option, click 'Owner Forms'
- Choose the 'Direct Deposit Form'.
- Fill out form and attach a voided check.