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FAQ: Direct Deposit

How does this affect my State Employees' Credit Union deduction?

Not at all. While the effect may be similar, your SECU deduction-whether it is for savings, IRA, share draft or loan payment-is not Direct Deposit. Direct Deposit is only for your net pay (after taxes and deductions, including any amount you may have deducted for the credit union). You may choose SECU as the banking institution to receive your Direct Deposit or you can continue a fixed credit union deduction and send your net pay by Direct Deposit to another financial institution.



 
Direct Deposit
  Frequently Asked Questions
1 - What is Direct Deposit?
2 - Who can have Direct Deposit?
3 - How does Direct Deposit work?
4 - How do I know how much I've been paid?
5 - Why does the State provide Direct Deposit?
6 - Must I use a particular bank?
7 - How do I sign up for Direct Deposit?
8 - When does it start?
9 - What if I want to make a change?
10 - What if I want to cancel Direct Deposit and receive paychecks?
11 - What can I do to minimize problems?
12 - What is the risk of error?
13 - How does this affect my State Employees' Credit Union deduction?
14 - Where can I go for more information?
 

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