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Direct Deposit
Direct Deposit allows you to have a regularly recurring paycheck deposited directly into one of your credit union accounts by electronic transfer. There is never a chance of your check being lost or stolen and you always know exactly when the money is available. Many private employers allow direct deposit. Check with your payroll administrator to set it up.
Payroll Deduction
For automatic savings, you can have your paycheck split among various accounts through automatic Payroll Deduction (allotments for civilian and military personnel). This can be done in conjunction with Direct Deposit or, if your employer allows it, as a separate service. For example, you could arrange to have $100 deposited to your regular share account, a $250 payment made on your credit union loan, and the rest credited to your checking account. What could be easier? To begin this service, just ask a member service officer for a Payroll Deduction application.
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