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Each payday, a portion of your pay cheque is automatically deducted by your employer and forwarded to KCCU to be deposited to your KCCU account. The funds can be divided automatically among your accounts, loans and investments in any fashion you like.
You can save as much or as little as you want on a regular basis. Saving money regularly helps protect you from unexpected financial pressure and helps you to manage your money more effectively.
The payment is deducted right from you pay cheque so you don’t feel the impact, but you do receive the benefits of savings!
Check with your employer to see if they offer this service. If they don’t, you can still set up a similar process using automatic transfers on your pay days. We are helping to help you set it up!
Payroll Deduction is a plan arranged between you, your employer and the credit union to automatically deposit part of all of your pay cheque to any account you choose at the credit union.
Only you and the credit union know where the money is going and what your account balances are.
With your authorization, your employer will deposit all or part of your paycheque into your credit union account.
What better way to build income for those retirement years. Make regular, year-round contributions the easy, automatic way.
Saving is not the only use for the Payroll Deduction. You’ll enjoy convenience by making mortgage or personal loan payments through the Payroll Deduction plan. Payments are never missed.
You will have better control of your finances and return a solid credit rating.
A third party is an individual or entity, other than the account holder or those authorized to give instructions about the account, who directs what happens with the account. For example, if an account were opened in one individual’s name for deposits that are directed by someone else, the other person or entity would be a third party.