Closed in Observance of Thanksgiving
ISU Credit Union will be closed Thursday (11/23) and Friday (11/24) so employees can spend time with their families. Online Banking, Smart Phone Apps, Mobile Banking, PAT and ATM access will be available.

Direct Deposit Changes Coming Soon!

Members, Please Be Aware of Upcoming Changes to Direct Deposit

Due to federal regulation, the same-day ACH direct deposit process will be modified beginning September 1, 2017.

New Payday
What does that mean to you?

The funds coming into your account via direct deposit will arrive the day they are scheduled by your employer. (Please consult with your employer if you need to know your exact scheduled post date.)

We apologize for any inconvenience this may cause. For more information, please refer to our FAQs below or click here.

FAQs About ACH Direct Deposit

Q: What is ACH?
A: ACH (Automated Clearing House) is an electronic network for financial transactions in the United States. ACH transactions include direct deposit, payroll and merchant payments.

Q: Why is ISU Credit Union making this change?
A: Federal regulation and liability has made this necessary to implement.

Q: How may this impact the posting of my payroll direct deposit?
A. Your payroll direct deposit may not post to your account until actual pay date scheduled by your employer.

Q: What will happen if I have automatic withdrawals and bill payments scheduled around receiving my deposit early?
A: You will need to modify your automatic payments based on your expected direct deposit dates determined by your employer or depositing agency.

Q. Will this change impact my Social Security deposit?
A. Your Social Security direct deposit may not be received until your actual pay date to post to your account.

Q: Does this apply to all banks or credit unions?
A: Yes. All financial institutions must comply with the new ACH rules.

Q: When will this take effect at ISU Credit Union?
A: This change takes effect September 1, 2017.