Payroll/Payment Processing Services
Pay your way
Simplify all aspects of payroll processing, from paying employees to managing benefits, handling taxes and more. We're proud to partner to provide business members with the payroll and payment services they need.
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Payment Processing Services
Consumers Credit Union offers payment processing and payroll processing services to small businesses all over Michigan and beyond to help streamline your payments to your employees, suppliers and more.
Our ACH Solution includes:
- Ability to process ACH direct deposit for your employees
- ACH transactions; same day and next day available and recurring*
- Payroll submission is processed through Online Banking by using templates or NACHA file uploads
- Payments to employees, contractors and vendors
- Customer support for payment issues or other transaction concerns
- Management of payments through Online Banking and ACH payment reporting
- Ability to have sub-users with unique permissions
Ability to enforce dual control for ACH origination payments
*ACH transactions will debit out of your account the same day, as long as the transfer is submitted before 2:00 p.m. EST, Monday-Friday.
Recurring ACH debits and credits streamline the payment process by eliminating paper checks and improving efficiency and cash flow management.
The Rundown
- Payroll/Direct Deposit – Pay employees via direct deposit anywhere they bank in the United States.
- Vendor Payments – Send vendor payments more efficiently.
- ACH Credits & Debits – Transfer funds to and from an account at another financial institution.
- Ability to import NACHA formatted files.
Do you have business banking questions about how to get set up with ACH payments? Contact our knowledgeable commercial loan officers. We’re here to help you grow your business!
Additional Payment Processing Benefits
Time. An ACH processes the next business day. A domestic wire transfer will debit out of your account the same day as long as you submit it before 3:30 p.m. EST, Monday through Friday.
Business members who make international transactions can also receive funds through their Consumers account using SWIFT bank identifier code CNRIUS33.
We have a partnership with professional experts from BASIC who can help you with all your payroll needs, including payments (via ACH direct deposit), withholdings and disbursements.
Consumers had something good in store for A-1 36th Street Self-Storage.
