Direct Deposit/Payroll Deduction
Direct Deposit
As a member of KONE
Employees Credit Union you have the option
to have your entire net check directly deposited into your
credit union account. The funds can be divided - automatically
- among your accounts in any fashion you choose. You can
re-allocate these at any time. Make your loan payment, Christmas
Club deduction, etc. from that check.
The credit union can accept a direct deposit from any
company that provides this service. Whether you are receiving
a recurring check from your place of employment, an insurance
company, pension or Social Security (just to name a few),
direct deposit is a safer alternative to receiving a paper
check.
To start direct deposit print the online form. If
you receive your payroll check from KONE Inc. you may fax
or mail the form to us. If you receive your check from another
employer or would like your spouse's check to be deposited,
print the form and take it to that employer.
Payroll Deduction
As KONE Inc. employees you can elect to have a portion of
your payroll electronically deposited every payday into
your accounts. This is called "payroll distributions".
The funds can be divided - automatically - among your accounts
in any fashion you choose. You can re-allocate these at
any time.
Saving is so easy with payroll deduction! Use our easy savings calculators that will show
you how much you can earn by saving with your credit union!
Peace of Mind
With direct deposit and payroll deduction, you will still
receive a pay stub that reflects all your personal information
from the pay source with an indicator that the funds have
been sent to the credit union.
To start a payroll deduction, contact
our office or any KONE Inc. branch secretary and ask for
a payroll deduction form, or Fill one out online.
