Although credit unions and banks may seem similar, they have different organizational structures. A credit union is a nonprofit financial institution in which you actually own a part of with your membership, according to the State of Wisconsin Department of Financial Institutions. You’ll have a full range of services available as a member of a credit union, including savings and checking accounts. When you make a deposit, you’ll use bank deposit slips, standard to all financial institutions.
Use deposit slips located in the back of a checkbook register to make a deposit into a checking account. The deposit slip will have your name, contact information and checking account number preprinted on the slip. Place the current date on the date line. List cash to deposit in the cash field and list checks separately in fields beneath the cash field. Add the total of the cash and the checks and place this figure on the “subtotal line.” If you want cash back, deduct this amount in the “less cash received” field. Place the net deposit amount in the bottom field. If you request cash back, sign the deposit slip beneath the date line.
Use deposit slips preprinted with savings account information to make a deposit into your savings account. You will receive these deposit slips with your savings account bank register. Fill in savings account deposit slips in the same manner as checking account deposit slips.
Request additional deposit slips from the credit union if you run out of preprinted deposit slips. Write your name and account number on these deposit slips because they will not have your account information preprinted on them. Fill in the deposit information in the same manner as the preprinted slips.
Submit the deposit slip and your cash and/or checks to the credit union. Make the deposit in person inside the credit union or through a drive-through window. If you make a deposit at your credit union ATM, you won't need an envelope or a deposit slip.
- State of Wisconsin Department of Financial Institutions: Differences between Banks, Credit Unions and Savings Institutions
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- Arizona State Credit Union: atHome Deposit FAQ
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