Direct Deposit (NET-PAY)

Managing money is easier when your net paycheck, Social Security, or pension check is automatically deposited into your Share Draft Checking or Share Savings Account with NET-PAY. Your money is available immediately, safe, and in compliance with government regulations, whether you are on vacation, at a meeting, or sick in bed.

Direct Deposit puts your money where you want it. Simply give the routing information and your account number to your employer or the party or parties that will be transferring your funds.

• Your money is available immediately.
  Your money is deposited in your account and is ready and waiting for you at your convenience. No more driving to the credit union or waiting  in teller lines.
  
  
• Your money is safe.
  You don't have to carry your check or large sums of cash around with you. It is deposited and ready for you.
  
  
• You comply with government regulations.
  Federal payments are now issued by electronic funds transfer (EFT), also known as Direct Deposit. If you will be receiving veteran's benefits, Social Security, military pensions or salaries, or any other government payment, you'll need Direct Deposit. Check with the agency that issues your check to see what requirements you need to meet (there are some special circumstances that do not require Direct Deposit).

Direct Deposit provides the convenience, security, and government compliance that you need to effectively manage your money.

Routing Information*

Name and Address of Credit Union:
    Atlantic City Electric Company Employees Federal Credit Union
    5100 Harding Highway
    P.O. Box 368
    Mays Landing, NJ 08330

Credit Union Routing/Transit Number:
    231277424

Your Credit Union Account Number:
    As printed on your statement - followed by suffix number
    Savings Account Suffix = 00
    Share Draft/Checking Account Suffix = 95

* This information should be used when arranging any type of transaction which will directly affect  your Credit Union account. The Credit Union cannot be responsible for initiating or terminating any direct transaction.

Call us or visit us for more information about Direct Deposit.

Payroll Deduction

Whether it's your auto loan, Home Equity Loan, Personal Loan, or any other credit union loan, paying is "painless" and easy. One Payroll Deduction Card allows you to have your payroll allocated where you want it to go. Simply give the payroll department your routing information.

You can budget to different savings accounts, such as taxes, tuition, vacation, insurance, etc. You can even have your credit union loans paid weekly and save on finance charges!

Simply designate the amounts of weekly or semi-monthly payments that you want deducted from your directly deposited paycheck,  and your payments are made. No late charges. No running to the mail box. No hassle.

And your IRA financial planning is easier with the automatic Payroll Deduction option at Atlantic City Electric Company Employees Federal Credit Union.

Combine Payroll Deduction with Direct Deposit and Share Draft/Checking.

Payroll deduction forms may be obtained from the credit union office.

For more information on this convenient, FREE  service from your credit union, call us or visit us.