Direct Deposit FAQs

What is Direct Deposit?

Instead of receiving a paper check, your paycheck goes directly to the credit union through a secure electronic transaction.  This means that you don’t have to worry about making it to the credit union during business hours or standing in line once you get there.  Also, you don’t have to worry about losing your check before you get a chance to deposit it.  In fact, Direct Deposit saves you time and money.

Why use Direct Deposit?

There are a variety of reasons to use Direct Deposit, including:

1. Efficient – You don’t have to stand in line to deposit the check.
2. Safe & Secure – You cannot lose a Direct Deposit like you might lose a paper check.
3. Private – Less people see and handle your check.
4. Timely – Your deposit is made on time, every time to your account.
5. Green – There is no need to drive to pick-up or deposit your paycheck.  Plus, less paper may be used since no check is printed.
6. Resourceful – Once your Direct Deposit arrives, we can set it up so that your pay is distributed to the accounts you would like – automatically! All you need is an ACH / Payroll Distribution form. Click here for a copy of this form.

Is Direct Deposit safe?

YES.  In fact, Direct Deposit is safer than using a paper check because the money goes directly to your account, protecting your privacy since less people handle the money.  Plus, you cannot lose a Direct Deposit while a paper check could get lost.

Is Direct Deposit free?

YES.  In fact, members with e-Statements and Direct Deposit also receive Bill Payer, an online bill paying system, for FREE!  This saves the member $2.95/month plus the cost of gas, postage, and time each month.

Can I use Direct Deposit for my Social Security checks?

YES.  This is the safest way to receive your benefits.  Go to http://www.ssa.gov/deposit/howtosign.htm in order to learn the variety of ways to sign-up.

How do I sign up for Direct Deposit?

There are many ways to sign up for Direct Deposit.  First, you could meet with your employer in order to fill out their form regarding Direct Deposit.  Your employer will need our routing and transit number, 302075694, as well as your Denver Community Credit Union account number in order to set-up Direct Deposit to your account.  If you work for the City and County of Denver, you may also sign-up at the credit union.