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What is the difference between direct deposit and a credit union deduction?

April 26, 2017Credit Union deduction deposit difference

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What is the difference between direct deposit and a credit union deduction?

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A direct deposit is the deposit of your net pay into a checking or savings account. Your net pay may vary during the year for different reasons. A credit union deduction is a set amount that is deducted from your paycheck and sent to the credit union who has received instructions from you as to what to do with it. Credit union deductions may only be made for the GTE Federal Credit Union. Contact GTE Federal Credit Union directly to establish an account and payroll deduction. The GTE Credit Union is located across from the Paddock Mall at 3033 SW College Road – Ocala, FL 34474.