Academic Federal Credit Union Payroll deductions
Notice for Employees with Academic Federal Credit Union Payroll deductions
Effective with the 07/31/2012 payroll cycle the University is changing the way funds are transferred to the Academic Federal Credit Union. Currently, for those employees who elected to transfer a portion of their semi-monthly salary to Academic Federal Credit Union, such transfer appears as a deduction on their paystubs. Going forward, rather than payroll deductions, those transfers will be made as a direct deposit to a second bank. Accordingly, paystubs for these employees will show a higher net pay, with the direct deposit of said net amount split between a main bank account and the Credit Union.
Please note that this is just a University process change; the amounts deposited to employees main bank account and to the Credit Union will remain the same.
If you have any questions, please contact the Payroll Office at:
|Please review our Policies and Procedures for additional information.|
|Please review our Forms for additional information.|