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Direct Deposit & Payroll Deduction

With Direct Deposit and Payroll Deduction, you can trim your "to-do" list and enjoy every minute of your leisure time. These convenient services offer automatic money management, putting your money into your accounts quickly and safely.

Here’s how they work:

Direct Deposit puts your paycheck or other recurring payments directly into your credit union account. There’s no need to worry about lost or stolen checks and no need to come to the credit union on the busiest days of the month.

Payroll Deduction lets you put a portion of your paycheck into different accounts. It’s an easy way to automatically set aside money for savings, make loan payments, and more. Ask us for more information on these time-saving services. 

To sign up for either of these convenient services, please contact your employer’s payroll department. You may request that either your entire paycheck or just a portion of your paycheck be sent to us. You will be required to supply your employer with our Routing Number (251082495) (for electronic processing) and your personal account number. On a normal basis, it takes two pay-periods for your deductions to begin. You may verify your payroll deduction date with your employer’s payroll department. 
New Generations is a Member-Owned Financial Cooperative serving Richmond since 1950
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
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We Do Business in Accordance With Federal Fair Lending Laws.
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