authorization agreement for pre-authorized loan
Steps to follow
To set up, modify or cancel existing recurring monthly transactions to your loan payment from an external bank account, you will need to follow these steps:
- Download the ACH Authorization Agreement
- Print and complete
- Return to KCCU
You cannot set up auto pays on line-of-credit loans which include Visa credit cards, checking line-of-credit, and home equity line-of-credit loans.
Canceling Existing ACH
If you are canceling an existing ACH and adding a new one you must fill out both the Cancel an Existing Payment and Set up New Payment information section on this form.
Allow time for processing
A pre-notification is sent on all new preauthorized loan payments to verify the validity of account information. This signed authorization should be received a minimum of 10 days prior to settlement date to allow adequate time for processing of the pre-notification. This authorization is to remain in full force and effect until Kellogg Community Credit Union has received written notification from the primary or joint account holder of its termination in such time and in such manner as to allow Kellogg Community Credit Union a reasonable opportunity to act on it.
3 ways to submit your completed form:
Option 1: Drop it off at any of our branch locations.
Option 2: Mail it to: KCCU, PO Box 140, Battle Creek, MI 49016.
Option 3: Submit it through Send My Docs in the Complete Forms area of our website.