Business Payroll Services

Direct Deposit & Payroll Deduction

ETFCU can provide companies that are in its field of membership with Direct Deposit services at low fees without requiring that your business account be established at the credit union. ETFCU can electronically distribute the funds to your employees’ accounts at any financial institution that is part of the Automated Clearing House (ACH). ETFCU also offers free Payroll Deduction services. For any of your employees who enroll, this service enables you to send any amount of their net pay directly to their various accounts at the credit union.

Payroll Tax Deposits

Companies with business accounts established at ETFCU that are enrolled in the Electronic Federal Tax Payment System (EFTPS) can make monthly or quarterly payroll tax deposits by phone, computer, or by having Evansville Teachers Federal Credit Union initiate the payments from the company’s account. For questions regarding EFTPS, call EFTPS customer service at 1-800-945-8400 or 1-800-555-4477.