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Payroll Deduction Plan

 

Go Direct!
Federal Benefits Switching To Electronic Payment

 

Pay Yourself First!

• Start your payroll deductions in any amount, into the Savings Account of your choice.
• You may increase deductions whenever you desire by sending us a written request.

 

Payroll deductions can be made:
ONCE A MONTH or EVERY PAYCHECK

 

Direct Deposit

• This service eliminates standing in line waiting to cash your check.
• You still receive a pay stub showing all deductions and -accumulated time.
• When you elect to have Direct Deposit,* your net pay is available for your use on your normal payday.
• Your check can be directly deposited into your savings or checking account.
• If your Payroll Department does not provide for Direct Deposit, give us a call at 800-228-6420.
• Commonwealth CU can also receive federal Direct Deposit from Social Security, military and any federal government employer who provides this service to its employees.

 

* State Employees and other selective groups have this option. Some of our payroll groups are not currently enrolled to provide this option to their employees.