Service Credit Union Deposit Changes

I was just doing a little checking to make sure that no one had changed their direct deposit policies, and, lo!  I discovered that Service Credit Union has, in fact, made a little change to the way they phrase their offer.

With an update date of 2 January 2015,

“If you are a military member, your pay should be available two business days prior to your post date (post date for military is the 1st and the 15th of every month). If that day should fall on a holiday or weekend, it should be available to you on the first business day prior to the weekend or holiday.”

This isn’t a huge change from the previous wording, but it does clarify the whole thing.  The old explanation was vague, and implied that deposits would probably be seen two business days early without factoring in weekends or holidays.  I don’t know if this is an actual policy change, or just a clarification of wording.  Either way, I think it helps.

Note:  It is hard to find this policy, and I can not link directly to it.  Here’s how to find it:

  1. Go to Service Credit Union’s website,
  2. Click on the words Military Site in the upper right hand corner.  Do not use the word military in the center of the page, it isn’t working.
  3. In the search box in the left hand column, type in Early Payday.
  4. In the search results, the first result should say, “When will I receive my direct deposit?”  Click on this link to find the policy I’ve listed above.

About the Author

Kate Horrell
Kate Horrell is a military financial coach, mom of four teens, and Navy spouse. She has a background in taxes and mortgage banking, and a trove of experience helping other military families with their money. Follow her on twitter @realKateHorrell.