Ready to Switch? We Can Help
You’re already a credit union member? Good for you. But if you aren’t, and concern about the work and time it would take you to switch, you could be closer to making a move than you think.
It turns out that breaking up isn’t all that hard to do. You can follow this seven-step checklist adapted from Consumer Reports:
Step 1: Open your new account with a small deposit.
Step 2: List all of the automatic payments and deposits set up to go in and out of your old account each month, and on what dates.
Step 3: If you have direct deposit, ask your employer to switch your paychecks to your new account. If you don’t already use direct deposit, this is a great time to set that up, too. Find out what date the first deposit will occur.
Step 4: When you know the date of your first deposit, reschedule each automatic payment or debit to come out of your new account.
Step 5: Leave a small amount of money in your old checking account for at least one more month.
Step 6: Once you’re sure all automatic payments and all direct deposits are coming and going from your new account, transfer the final funds from your old account into the new account.
Step 7: After the transfer clears in your new account, close the account at your old financial institution and get written confirmation that your account is closed.
When you’re ready to switch, we’re ready to help. It only takes a little time, and some information. This checklist can help you organize what you’ll need:
First name:
Last name:
Email address:
Company (if that applies):
Street address:
City:
State:
Zip:
Phone number/s:
Credit union nine-digit routing and transit number:
Credit union checking account number:
Credit union savings account number:
Are you closing an account/s at a former financial institution? If yes, list them here by institution name, and account type and number/s:
Are you making any automated payments that you want to switch to our credit union? If yes, list them here by name and account number/s (examples: mortgage, insurance premium, rent):
What direct deposit/s will you be switching to the credit union? List them here by name and source (examples: employer paycheck; government deposit; brokerage deposit; child support or other court-ordered payments; regular transfers from other accounts):
We’d be happy to talk with you about transferring any credit cards, home loans, vehicle loans, or other credit accounts from other providers. Tell us what else we can help you with.
Sincerely,
Joyce J.
President/CEO
