Services

Automated Clearing House (ACH): ACH refers to a nationwide standard that financial institutions use to transfer funds and information electronically between financial institutions. ACH is often used for payroll deduction deposits.

ACH Origination: ACH origination is similar to ACH above only it is initiated by the member directly with the financial institution. ACH origination enables members to make deposits and withdrawals from their account with the Credit Union or at another financial institution. Members can choose to have transfers done monthly, biweekly, or weekly without the burden of remembering to write and mail off a check. Members also have the option of initiating a one-time transfer if needed.

CUDL AutoSmart: Our relationship with Credit Union Direct Lending (CUDL) allows you the ease of completing our paperwork while you’re at the dealership.  Drive home a new car today!!

Net Check: Similar to payroll deduction, .net check instructs the employer to deposit the employees’ entire paycheck to their savings or checking account automatically.

Direct Deposit: Direct deposit allows a member to have a government check deposited directly into their savings or checking account. Direct deposit is a valuable, time-saving service for many retirees. Direct deposit includes but is not limited to Social Security benefits, Veterans Affairs payments, pension payments and any branch of the U.S. Armed Forces.

Electronic Funds Transfer (EFT): EFT is a term used whenever money is transferred electronically. So whether it’s our Liberty Line 24-hour Telephone Teller, an ATM, bank wire transfer or ACH payroll deduction, EFT is an umbrella term used for electronic movement of money. Below are listed current EFT services offered by IBEW & United Workers FCU.

Internet Banking: Our Internet Banking is available to members at no cost, just CLICK HERE to enroll.

Payroll Deduction: Payroll deduction is set up under an agreement with an employer and the Credit Union. Currently, there are many companies offering this service to their employees. Payroll deduction allows an employee to specify a deduction amount each pay period that the employer then sends to the Credit Union. Payroll deduction remains in effect until changed by the employee or when employment ceases.

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