Membership Switch Kit

 

 

Switching to SIU Credit Union is easy!

SIU Credit Union has made moving your accounts fast and convenient with our Switch Kit. All the letters and forms you will need to make this transition as easy as possible are provided here…so all you have to do is print and mail the letters to the appropriate companies and/or individuals.

Three Simple Steps to Switch

1.

Open an account at SIU Credit Union.  

2.

Follow the checklist for changing your banking account. The forms needed to complete each step are included on the checklist.

3.

Close your account at your old financial institution.

 

Checklist: Changing your Banking Accounts

Check the boxes next to the items you’ve completed (if any). Print this checklist and keep it available for future reference. As you continue to complete items, simply check off the boxes on your printed copy.

PDF IconPrint Version

Open your membership and checking account at SIU Credit Union. You may do this online, by visiting any of our branch locations, or by downloading a membership application.
Verify that all checks, check card transactions, and scheduled bill payments have cleared your old checking account.
Make certain funds are available in your old account to cover any automatic payments, checks, and check card transactions that may still be withdrawn. Check maturity dates on Certificates of Deposit if transferring in order to avoid early withdrawal penalties.
PDF IconDirect Deposit Change Request Form
Send written notices to companies with which you have direct deposit (employer, government deposits, pension, transfers from other financial institutions, investment dividends, child support or court-issued deposits, etc.) notifying them that you want to switch your direct deposits to your new SIU Credit Union account.

PDF IconAuthorization Agreement for Direct Deposit Form
Send written notice to set up direct deposits with any new companies or individuals.

To change Social Security deposits, visit:

www.ssa.gov/deposit/howtosign.htm
Or call the Social Security Administration at:
1-800-772-1213 (TTY 1-800-325-0778)

SIU Credit Union Routing/Transit number:  281276420

PDF IconAuthorization for Canceling Automatic Payments Form
Send written notices to companies who automatically take payments from your checking account (utilities, mortgage, insurance, brokerage, credit cards, internet service providers, transfers to other banks, child support or court issued payments, etc.) notifying them that you are closing the account.
PDF IconAuthorization for Automatic Payment Transfer Form
Include a notification with your new account information if you wish to continue the automatic payments at SIU Credit Union.
PDF IconAuthorization for Automatic Payment Form
Send a notification if you wish to add new automatic payments.
Contact companies that take payments from your old checking account using a debit card.  Inform them of your new SIU Credit Union Ultimate Checkcard number and expiration date.  (If you prefer, you may set up this payment up as an automatic payment rather than debit card payment using the Authorization for Automatic Payment Form.)

Verify that your direct deposits and automatic payments have begun posting to your new SIU Credit Union account.

PDF IconAccount Closing Request Form
Send a written notice to your old financial institution informing them that you are closing your account.

 

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