Direct Deposits | Payroll Deduction | Automatic Payments | Automatic Transfers | ACH Transfers

Electronic Payments and Transfers

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By electronically transferring your paycheck, Social Security check, pension or other payment into your account you save time and your funds are more secure. The entire paycheck can be automatically credited toward any combination of your accounts each time it is deposited. Direct Deposit increases the security and convenience of processing your check, no more waiting in lines and your funds are instantly available. Government regulations provide protection for you in case of error. The Social Security Administration started using Direct Deposit for its recipients almost thirty years ago and has never lost a payment. Set up your Direct Deposit today and start enjoying your extra time and peace of mind.

When you choose to have your paycheck deposited to your share draft checking account, it is imperative that you provide your employer or payer with your complete 8 digit checking account number. You can give the account number from the bottom of your check. The total number of digits should always equal 8. Again, if you do not give your employer the complete 8 digits of your account number, your paycheck will not be deposited.

Direct Deposit <top>

Direct Deposit into savings is simple. You need only supply your employer or payer with your basic account number and the suffix of that account. For example, if your paycheck is to be deposited to your regular savings account, you would need to submit an account number that looks something like 123401, with the last digit being the suffix of your account. Call the credit union if you have any questions, but don’t wait. It’s as simple and safe as can be. Learn more...

ABA Transit Number
Giving your ABA Transit number to a third party authorizes a payment or withdrawal from your checking or shares. We suggest that you monitor your account activity regularly for accuracy.

The ABA or routing number will be the nine digits on the left bottom side of your check. Your account number will be in the next set of numbers, leaving off the first zero and the last two digits shown. For example, if the numbers show 09999025, your member number will be 99990. Online form ...

Payroll Deduction <top>

Payroll Deduction automatically deposits portions of your paycheck into your credit union accounts or toward loan balances. This is a great way to develop strong savings patterns and you’ll never worry about missing a loan due date again.
If you are currently employed by DOE/NNSA, click here to sign up for direct deposit or payroll deduction. Click here for a print and fax Payroll Deduction form, or contact Member Services at 505-845-6939 or toll-free at 1-800-825-5256 for more information.

Automatic Payments <top>

Automatic payments electronically deduct money from your share or share draft account and apply it toward your outstanding NM Energy FCU loan balances. Our automated services are easy to establish; simply call Member Services at 505-845-6939 or toll-free at 1-800-825-5256 for more information.

Automatic Transfers <top>

Automatic transfers are the most care-free way to simplify your monthly bill keeping. Once you have established automatic transfers, specified amounts of money will be electronically disbursed to the accounts of your choice. These electronic transfers through the Automated Clearing House (ACH) make automatic payments to accounts outside of NM Energy FCU. Many utility and retail vendors can arrange these, which automatically debit your credit union account to make regular payments.
If you are interested in arranging this free service ask us about our easy Switch Kit or contact the customer service department of companies you regularly deal with, such as utility, cable, and phone companies. Each company will take care of arranging the automatic payment and you will still receive a monthly statement showing the activity on your account.

It is important that when you initiate you electronic/automatic payments, that your complete account information is included in your request, or your payment will be returned. Call a Member Service Representative for easy establishment of your automated transfers.

Share Draft Automatic Services <top>

When choosing to make automatic payments to or from your share draft checking account, it is essential to provide the billing vendor with your complete checking account number. This account number is on the bottom of your check, and the total amount of numbers should always equal 8. Again, if you do not give the vendor the complete 8 digits of your account number, your payment will be returned to the vendor as we are not authorized to make adjustments. This 8 number structure is for debits from your account such as payments to companies other than NM Energy FCU, as well as for credits to your account such as direct deposit, payroll and social security.

Regular Share Account Automatic (ACH) Services <top>

If you choose to make electronic/automatic payments from a credit union savings account, provide the billing vendor with your account number and the suffix of that share number. For example, if your payment is to be made from your regular share savings account, you would need to submit an account number that looks something like 123401, with the last digit being the suffix of your account. These numbers are sufficient to make automatic payments from a regular savings account. This account number structure is for debits (from) your account such as payments outside of NM Energy FCU, as well as for credits (to) your account such as direct deposits and payroll.