Withheld Pay Accounts

Why Open?
It’s a great idea to save throughout the school year so that you can have access to funds during the summer months.
 

How the Program Works:
Determine how much money you will need for the summer. Consult a UNOFCU representative to select an amount from your paycheck each pay period to be deposited into your Withheld Payroll Account. Complete a UNOFCU Withheld Payroll Deduction Application (see below). The designated amount will automatically be deposited each pay period into your UNOFCU Withheld Payroll Account.

  • UNO Faculty
    A portion of your UNOFCU Withheld Payroll Account will be transferred to your regular UNOFCU Savings Account over 6 (six) disbursements starting on May 31 and ending on August 15. Contact us for Summer Disbursement Schedule.

If you wish to cancel your payroll deduction, you must personally visit us at UNOFCU. Any withdrawal before scheduled transfer dates will result in the closing of your Withheld Payroll Account. UNO Faculty will be eligible to reopen the account after August 15, 2010.

  • UNO Charter School Faculty
    A portion of your UNOFCU Withheld Payroll Account will be transferred to your regular UNOFCU Savings Account over 4 (four) disbursements starting on June 15 and ending on July 31. Contact us for Summer Disbursement Schedule.

If you wish to cancel your payroll deduction, you must personally visit us at UNOFCU. Any withdrawal before scheduled transfer dates will result in the closing of your Withheld Payroll Account. UNO Charter Schools Faculty will be eligible to reopen the account after July 31, 2010.

  • Ben Franklin High School Faculty
    A portion of your UNOFCU Withheld Payroll Account will be transferred to your regular UNOFCU Savings Account over 6 (six) disbursements starting on June 18 and ending on August 27. Contact us for Summer Disbursement Schedule.

If you wish to cancel your payroll deduction, you must personally visit us at UNOFCU. Any withdrawal before scheduled transfer dates will result in the closing of your Withheld Payroll Account. Ben Franklin HS Faculty will be eligible to reopen the account after August 1, 2010.

Summary of Features:

  • Dividends accrued on daily basis

  • Dividends paid 1st day of each calendar quarter

  • Automatic renewal each year