Are credit unions permitted to offer ETAs?
Yes. Federally insured credit unions are also eligible to offer ETAs subject to any legal constraints on their authority to do so. A federally insured credit union is permitted to offer an ETA to any eligible Federal payment recipient who falls within the field of membership of the credit union. Are financial institutions that choose not to offer the ETA restricted from accepting electronic Federal benefit payments for their customers? Will these institutions be subject to additional fees or charges? No. Financial institutions that do not offer the ETA are not restricted from accepting direct deposit Federal benefit payments, and are also not subject to any additional fees or charges.
