With Direct Deposit you can have your payroll, retirement, Social Security or
other recurring checks electronically deposited into your Central One accounts
at no cost to you! No need to worry about waiting in line on your lunch hour or
unnecessary trips to the Post Office for stamps. Direct Deposit is convenient,
safe and easy to set up.
Benefits
IT'S FAST: Your money will be credited to your Credit Union account the day
the funds are electronically wired, whether you are sick, on vacation or just
too busy to get to a branch to deposit your check.
IT'S SAFE: Your check can't be lost or stolen.
IT'S RELIABLE: You'll still receive a pay stub indicating the amount that
has been credited to your Central One account.
Tax Refund Services
Just fill out the information on your income tax forms and your refund will
be automatically credited to your Regular Share (Savings)
or Checking (Share Draft) Account - usually earlier
than the traditional method of getting your refund through the mail.
How Do You Apply for Direct Deposit?
Ask your company's Human Resource, Payroll Department or payment provider if they offer this service. If so, complete their Direct Deposit Authorization Form. You will need to specify:
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Central One's Routing Number (211387169). |
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Your Account Number. |
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Indicate where you want the deposited funds to go - either Regular Share (Savings) or Checking (Share Draft). |
The Direct Deposit Authorization Form must be completed and returned
to your employer or payment provider.
Additional Service:
If you would like your deposited funds disbursed further into other sub-accounts
(i.e Savings, Loans, etc.) at Central One, you must call or email the Credit
Union to request a COFCU Direct Deposit Disbursement Form.
We can assist you in completing this form which will allow you to:
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Specify the amount(s) you
want credited to each suffix - Loans, Mortgages, VISA, Savings, or Club
Accounts. |
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Additionally, you can have the Credit Union send funds electronically to your account at another financial institution. |
The Central One Direct Deposit Disbursement Form must be signed and
returned to the Credit Union.
Payroll Deduction
This service allows Central One members to deposit part of their payroll into
one or more of their Credit Union accounts. Funds can be distributed to different
suffixes and to different accounts. Please contact the Credit Union directly
or your Employer to activate this service.
Have Any Questions? Ready to Sign Up?
Call, email,
or visit any Credit Union location
regarding Direct Deposit and/or Payroll Deduction.
