The Tennessee Credit Union Core Conversion Features and Benefits

DIRECT DEPOSITS

UPDATING ACH & WIRES ACH (Automated Clearing House) payments are a type of electronic payment created when a member gives an institution, corporation, or individual the authorization to directly deposit funds into the member’s checking or saving account. This type of payment is also known as “direct deposit” and is commonly used for payroll. It allows members to quickly send and receive payments between an institution, corporation, or individual. During the conversion process, your paycheck will deposit as scheduled. There is no need for you to contact your employer. ACH transactions will post based on settlement dates provided by the companies.