Loan Payments to Telcoe
Making your payment(s) is easy. These options give you flexibility to choose the method that works best for you.
Fast, Convenient Payment Options
Telcoe makes it easy to pay your Telcoe loan(s) by offering many different options. Whether you're paying from your credit union account or an account at another financial institution, we have a payment solution for you.
SPLIT PAYROLL DEDUCTION
PAYMENTS
Payroll Deduction Is The Single Most Convenient Way To Make A Loan Payment Or To Save Money From Your Paycheck!
Payroll deductions can be divided among as many accounts as you wish...make loan payments, deposit to your Share account, your children’s accounts, etc. Save time, save gas, and save money with payroll deduction loan payments. Most loans also offer a rate discount for payroll payments.
For example: A $450 car loan payment is split between the number of paydays you receive in a month. The funds are applied to the loan the day you are paid which can lower your overall interest paid when paying more often monthly.
- Weekly Pay -$450 is divided by 4=$113
- Bi-Weekly/Semi-Monthly Pay -$450 is divided by 2=$225
- Monthly Pay
Most employers support this service. To find out if you are eligible for payroll deduction, contact the Credit Union or your payroll office. Payroll deduction is a convenient way to start and maintain a savings program. Saving through payroll deduction is effective because you pay yourself first.
Payroll deduction allows you to have a portion of your payroll check deducted and sent to the Credit Union. Any amount you wish can be deducted to make loan payments and/or deposits to Share, Money Market, IRA, Christmas Club, or Checking accounts.
Online Bill Pay To Telcoe
Telcoe is an electronic payee inside all banking BILL PAY products. Most banks and credit unions allow you to make payments through BILL PAY for FREE.
Step 1- Log into your bank's checking account online banking
Step 2-Click on BILLPAY
Step 3-Setup PAY A COMPANY and list as the PAYEE:
Telcoe Federal Credit Union
Po Box 34200
Little Rock AR 72203-4200
Step 4- Routing Number 282075523 & Your Telcoe Account Number
Step 5- If this is your first BILLPAY item being paid, the account is verified by a small test deposit and withdrawal to confirm the account numbers **first-payments may take 1-3 business days to arrive
Step 6- Log into your Telcoe account to confirm the payment arrived, you can set up account alerts to receive a text or email.
Additional Payment
Options
- Online Payment Portal
You can make a one-time or recurring payment from a checking account at another financial institution through ACH(automated clearing house) or a non-Telcoe debit card.
- FREE ACH(checking account) payment option -one time or reoccurring
- $9 fee per loan payment when paying with a debit card
- You will set up a user name and password to access this payment portal.
- Payments post to your loan directly
- Bring Your Payment to a Telcoe Location
Telcoe Federal Credit Union has 4 locations in Sherwood, Little Rock, & Russellville. Stop by any location during normal business hours to make your payment(s) at the teller line or drive-through. For a list of addresses and hours, click here.
- Mail In Your Payment
Mail a check for your payment amount by the due date to:
Telcoe Federal Credit Union
PO BOX 34200
Little Rock AR 72203-4200
Write your member number or loan account number in the memo line of the check.
- 24-7 Telephone Teller
Call 501-375-2648, 24 hours a day, and transfer a payment from your Telcoe account to your Telcoe loan(s).
Pay From Telcoe Account
Step 1- Log into the Telcoe APP
Step 2-Click on the loan you would like to pay
Step 3- Choose TRANSFER
Step 4- Choose your FROM account you would like the payment to withdraw from
Step 5- Choose the AMOUNT
**by choosing 'MORE OPTIONS' you can also setup recurring and/or post a memo, etc.**
Review the history of the loan to confirm the payment posted as you intended. Please contact us if you have any questions.