Automatic and Electronic Transfers


Premier Members CU offers several ways to automate your deposits and payments so you can spend your valuable time the way you want to.


Important Unpdate

RE: Time of Day Change for Automated Transfers: Premier Members works hard to provide premier service and a consistent experience for our members. Based on this philosophy we will be changing the time of day that automated transfers occur, effective January 3rd 2017.

What this change means to you: All existing automated transfers that you have set up will continue to process! This change will only impact the time of day in which automated transfers will happen. Effective January 3rd, 2017 automated transfers will occur around 10am Mountain Time on the date you scheduled the transfer to take place. This change does not impact any electronic transfers to or from other financial institutions or payments scheduled through our billpay platform.

Please contact us if you have questions regarding this notice. We appreciate your membership and value your business!

Automatic Transfers

Automate your payments and deposits! If you have loans with us or wish to build up your savings for the holidays, your children, or retirement, automatic transfers can help you stay on track. Simply login to online banking and set up your transfers. If you need assistance please call the credit union and we will be happy to help you set up automatic transfers to make your loan payments or savings deposits. You pick the day, the frequency, and the amount, and let our automatic transfers do the rest. All you have to do is make sure the funds are available on the day of the transfer.

Payroll Deduction

Many employers offer payroll deductions, where a portion of your paycheck is withheld by your employer and sent to the credit union. The credit union will distribute your funds according to your instructions. Enjoy this easy and convenient way to make your loan payments, deposit to your checking account, or save for the holidays.

ACH Origination

The Automated Clearing House (ACH) is a common name given to the nationwide electronic payment system responsible for Direct Deposit and Payments, discussed above. ACH Origination is an additional service offered by the credit union where we can withdraw from or deposit to your account at another financial institution. We initiate the transaction according to your instructions. You may sign up for scheduled recurring transactions or non-recurring transactions. For example, members with an account somewhere else can debit that account and make their loan payment. ACH Origination also enables you to send funds to your other account. There is no fee for scheduled recurring debit transactions (where your account at the other financial institution is debited).

 

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