When it's out of sight, it's out of mind. That's the way many of our credit union members have attained some sizeable savings account balances over the years. Just a small deduction each payroll period is easily saved for emergencies or for long-term investment. Using the compounding factors for small savings can result in large savings before you realize it.
Payroll deduction can also be used for easy, timely payment of loan accounts. One of the most frequent statements made by members regarding their savings deposits or loan payments made through payroll deduction is "I just don't miss it when it comes out of my check before I see it."
Stop by your Personnel Office and inquire about this service. We can work with you to get this started. They can direct your funds to the credit union either by payroll deduction or direct deposit or both.
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