Direct Deposit
Receive funds directly in your account
With direct deposit, you can have your paycheck, social security payment or other payments automatically deposited into your Cedar Point Federal Credit Union® account.
Many of our members also like to use Electronic Payments or ACH (Automated Clearing House) transactions to pay many of their bills.
When you open a new account with direct deposit, you’ll not only have peace of mind knowing your funds are deposited quickly and securely, you’ll also receive a FREE box of basic checks.
Why choose direct deposit?
- Convenience – you won’t need to wait for a mailed check to receive funds
- Security – no risk of a check being lost or stolen
- Efficiency – direct deposit saves on the cost of printing and mailing
- Predictability – you’ll know exactly when the funds are placed in your account
- Environmentally friendly – you’ll help reduce paper waste
To open an account with direct deposit, please visit a Cedar Point branch location and see a member service representative.
What you’ll need to open an account with direct deposit, or to initiate a payment to a creditor*
- "ABA" or "Routing Number": 255077736
- Our address:
Cedar Point Federal Credit Union
22745 Maple Road
Lexington Park, MD 20653 - Your Account Number*
*For most of our members the account number is six or seven digits. Some older accounts have fewer digits. You can find your account number on your statement or contact a member service representative for assistance. Please do not use any suffixes when specifying your account. The form will have a place to check Savings or Checking.
View this tip sheet for more information about setting up direct deposit and electronic payments (ACH).
Payroll Deduction
Payroll deduction works in conjunction with Direct Deposit. A portion of your automatic deposits may be placed in your savings while the balance is deposited into your checking account. You determine the amount you wish to put into savings and checking. In addition, you may also have automatic transfers taken from your account for services provided by Cedar Point.
Automatic transfers within your Cedar Point account will only be pulled from the account you have designated and will not overdraft to another suffix.
