Company Partners
Make Life Easier for Your Employees: Become an MICU Company Partner
As a member-owned, not-for-profit organization, Mid-Illini Credit Union* promotes the financial health of all our members --- which can be an excellent fringe benefit for your employees. In addition to giving your employees access to the great products and services at MICU, we also offer financial planning and counseling, and help your employees learn how to save for their future. See all of our Company Partner Benefits.
To Become A Company Partner
Simply provide us with a letter requesting partnership on company letterhead. Click here to see a sample. Include the number of employees you have and your intention to make payroll deduction and direct deposit available for your employees.
*A credit union is a cooperative, not-for-profit institution that is federally insured. It is chartered by the state or federal government.
Direct Deposit/Payroll Deduction
It’s easy to sign your employees up for direct deposit or payroll deduction. Employees can make contributions to their savings, checking, Christmas Club, and children’s accounts. They can also make loan payments or IRA contributions.
To get started, employees need to fill out MICU’s direct deposit/payroll cards at your office or ours. We keep them on file. Then you, the employer, can set up to transfer money electronically through an ACH account set up by your accountant or bank. All you need is our routing number. You can also mail or drop off the funds as well.
To Set Up Direct Deposit, We Need:
- Date
- Employer number
- Employee account numbers
- Amount of deposits
To Set Up Payroll Deduction, We Need:
- Date
- Employer number
- Employee names in alphabetical order
- Amounts of deposits/disbursements
- Employee account or Social Security numbers
Ready to get started? Call 661.1166, ext. 207 today.
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