Payroll Deduction/Direct Deposit

 

Payroll Deduction or Direct Deposit is a convenient and efficient method to build your savings, make loan payments or save for a special occasion. Payroll Deduction allows you to determine a specified amount of money you will have withheld from your payroll each pay period and to be automatically sent to the credit union. Once this amount is received at the credit union, it can then be disbursed among your various credit union accounts. With direct deposit, you will see how fast your savings can grow and how easy it can be to make your loan payment. Managing your money with Payroll Deduction costs you nothing and even saves you time and money.

In order to begin Payroll Deduction or Direct Deposit you will need to complete a Payroll Deduction Form/Direct Deposit Form, these forms may vary for each employer, which is available from your participating payroll department. You may also acquire a form from the credit union for Payroll Deduction. On the first part of the Payroll Deduction Form you need to do is to designate the amount you wish to have withheld from your payroll each pay period and the time period you wish to begin withholding the deduction. Then simply sign the form and return it to your payroll department. The second half of the Payroll Deduction Form will also need to be completed, signed and returned to the credit union. This portion of the form designates how you wish to disburse the funds among your credit union accounts. Your participating payroll department does not require this information and is only used by the credit union for accurately disbursing your funds. This form will also be used to start, stop or change the amount you want withheld from your pay.

 

Please note Hidden River Credit Union’s Routing Number is #231385280.