Direct Deposit/Payroll Deduction
This is where the net dollar amount of your paycheck is deposited directly into the account of your choice. Why take your lunch hour to stand in line to make a deposit? Get it deposited electronically, automatically.
You can set aside a certain amount from each paycheck to be automatically deposited into any of your accounts, including loans, at the Credit Union. Make payments on loans, save for a vacation or end-of-year Christmas shopping spree, or contribute to an IRA-designate it however you like without having to stand in line.