How Are Payroll Deduction Changes Made?
All deduction changes require your signed authorization. Forms are available at our office that must be completed when any change is desired. Changes are made on a monthly basis only. When a deduction is made for loan payments, the deduction does not stop automatically when the loan is repaid. After a loan is paid in full, the deduction then goes to savings until a new change form is signed. Member Responsibility Even though your employer provides payroll deduction, it is not the employer’s duty to advise the Credit Union of employee changes. You Should Notify Us If You: • Change your address • Change your name • Transfer within a company • Change employers • Lose your membership card • Are no longer employed.
