Younger workers might not have experienced this, but in years past, credit
unions were flooded with folks trying to deposit their paychecks on Friday
afternoons. Not only was this inconvenient and time-consuming, but depositing a
paycheck the old-fashioned way meant waiting a few days for the check to
clear. Today, most credit union members have embraced the many benefits
of direct deposit. Once it’s set up, direct deposit lets your paycheck
move directly from your employer to your checking account.
There’s no need to wait for the money to become available and there’s
no need to wait on line on Friday afternoons. Electronic transfers of
money are more secure, as they eliminate the risk of having a check get
stolen or lost in the mail. Additionally, you’ll have the option
of allocating a set percentage of your paycheck for your savings account.
This means that you can save automatically and build your wealth over time.
GCS Credit Union in O’Fallon encourages our new and current members
to take advantage of our extensive
online banking options, including direct deposit. For assistance, call a member representative
today at (618) 797-7993.