Salary deduction makes it simple to save directly from your salary, which benefits both you and the credit union.
Some of the benefits of salary deduction include:
Simple and Convenient Setup
Setting up salary deduction is quick and easy. Once in place, deductions continue automatically until you choose to cancel or change employers.
Peace of Mind
Your repayments or savings are taken care of automatically, so there's no need to remember to make monthly payments—one less thing to worry about.
Effortless Budgeting
Because deductions happen before your pay reaches your account, you always know how much you have left to spend. No risk of accidentally spending funds meant for savings or loan repayments.
Reduced Risk
Salary deductions lower the chance of missed or late payments, helping you stay on track with your financial goals and commitments.