How do I stop Payroll Deduction, especially once a loan is paid off?
Your signed authorization is required to stop Payroll Deduction, even after a loan is paid off. Call or visit the credit union for the appropriate form. Stopping Payroll Deduction is slightly different for U of I employees. Please contact the credit union at 217-278-7700 for assistance. Please note that funds from a payroll deduction that do not get applied as a payment are diverted to your membership account, in other words your primary share savings account. It’s an excellent way to save money after your loan is paid off.
