Direct Deposit, Automatic Transfer & Payroll Deduction


Direct Deposit

What is Direct Deposit?
Direct Deposit is the safe and convenient way to have your paycheck deposited directly into your checking or savings account. When you use direct deposit from SIU Credit Union, you allow your employer to transfer money into your account. No more making a trip into the office on payday or waiting for your paycheck in the mail. Direct Deposit is the safe, simple, reliable, and convenient way to get your paycheck.

Why should I use Direct Deposit?
Direct Deposit from SIU Credit Union is totally secure. You won’t have to worry about lost, stolen, or misplaced checks. It’s also completely reliable. Your paycheck is placed in your account on the morning of payday. So, even if you’re traveling, you will have immediate access to your money. No more worries about getting to the credit union to make a deposit. Even more, Direct Deposit is very flexible. Change accounts and financial institutions for Direct Deposit with a simple form. It couldn’t be easier or more convenient!

How do I set up Direct Deposit?
Getting set up with Direct Deposit is easy. Here’s how:

OPTION 1

If your employee is one of our Select Employee Groups, call or stop by SIU CU.*

OPTION 2

If not, ask your employer if they offer Direct Deposit.

* To find out if your employer is one of our Select Employee Groups, click here or ask your employer for more information.


Automatic Transfer

SIU CU can transfer funds automatically on a specified day. Transfers occur from one account to another within the credit union. You can have money placed into your savings account, children's accounts, IRA shares, and others. You can also transfer funds to your SIU CU loan accounts. Automatic transfers are convenient and simple to set up.

How do I set up an Automatic Transfer?
Stop by SIU Credit Union and complete a form to set up an Automatic Transfer today! (Mail form also available.)

* To find out if your employer is one of our Select Employee Groups, click here or ask your employer for more information.


Payroll Deduction

Do you have a loan payment you would like to automatically deduct from your paycheck every month? Maybe you want to have money deposited from your paycheck into your savings account. Use Payroll Deduction from SIU CU to have any amount of money deducted from your paycheck and credited anywhere!

How do I set up Payroll Deduction?

OPTION 1

If your employee is one of our Select Employee Groups, call or stop by SIU CU to find out if Payroll Deduction is available.*

OPTION 2

If not, ask your employer if they offer Payroll Deduction.

* To find out if your employer is one of our Select Employee Groups, click here or ask your employer for more information.

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