Deposit & Share Withdrawal
Our goal is to provide you with a hassle-free experience for managing your finances.
How to Deposit
Online Deposit
Log in to your online banking account. Navigate to the "Deposit" section. Enter the amount you wish to deposit. Confirm the transaction.
In-Person Deposit
Visit our Office during business hours, fill out a deposit slip and submit deposit slip together with cash/ cheque to out Teller. Note that we do not accept more than $5,000.00 cash per deposit.
Direct Deposit
Via salary deduction by completing a salary deduction form that will be sent to your Employer’s Payroll Department.
Transfer funds from your local bank account to the Credit Union’s bank account for credit to your Share/ Deposit account.
- For any deposit more than $20,000.00, a Source of Funds Declaration form must be completed.”
Name Central Bank Employees’ Credit Union Bank First Citizens Bank Branch Independence Square Acct# 15042544770 Account type Chequing 
How to Withdraw Shares
Withdrawing your shares is a straightforward process. Follow these steps to withdraw your shares
Complete the Withdrawal Form
01Download and fill out the Share Withdrawal Form. Provide the necessary details, including the amount you wish to withdraw.
Submit the Form
02Submit the completed form online or visit our office to hand it in.
Receive Your Funds
03Your withdrawal request will be processed within two business days. Funds will be transferred to your designated account.
Required Documentation
Gather Your Identification
Ensure you have your valid ID ready for verification.
Proof of Address
Provide a recent utility bill or other document showing your current address (no older than 3 months).
Employment Verification
For withdrawals involving employment verification, provide a recent job letter and payslip (no older than 3 months).
Fees and Charges
Service Fees
Our standard charge for withdrawal from Share account is $20.00 per request while withdrawal from Deposit account is free.
Additional Charges
Be aware of any potential additional charges that may apply, such as fees for expedited processing or special requests.
Fee Schedule
Check the comprehensive fee schedule for a detailed breakdown of all possible fees and charges. This schedule is available on our website and at our office.
Calculate Your Deposit & Share Withdrawal
Use our Fee Calculator to estimate any fees associated with your transfer request. This tool helps you understand the costs involved, ensuring transparency and convenience.
Frequently asked questions
We understand that you may have questions about our services, membership, or how to get started. Our FAQs section provides clear and concise answers to the most commonly asked questions. If you can’t find what you’re looking for, our team is always here to help.
How long does it take to process a withdrawal?
Withdrawals are processed within two business days.
Can I set up recurring deposits?
Yes, you can set up recurring deposits through your online banking account or payroll department.
Are there any limits on the amount I can deposit or withdraw?
There are no limits on deposits, but withdrawals may be subject to daily limits. Contact us for more details.
Contact Us
If you have any questions or need further assistance, please reach out to our member services team. Office Hours: Monday to Friday, 8:00 AM - 4:00 PM
Testimonials
Read their stories and experiences to see how we can support your financial journey.
Download Deposit & Share Widthdrawal Form
Click the link to download the form. Fill it out and submit it as per the instructions provided.
Download
