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Payroll deduction is a great way to automatically build a savings plan or repay a loan. All of our primary sponsor employer groups provide this benefit to employees who are members of Rocket City Federal Credit Union. Members elect how much they wish to have deducted from each paycheck and complete a simple distribution form to instruct the Credit union where the amount needs to go.
Members can have an amount going to a christmas club account, a loan note, a savings account, and a checking account all from the same payroll if they wish.
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