The following is
a list of services that can make your financial preparations for deployment as
easy as possible.
Power of Attorney (POA)
Members of the
Armed Forces should prepare Power of Attorney (POA) documents. A Power of Attorney enables someone other
than a member account owner or joint owner to access accounts, as well as
conduct other personal business. POA
forms are provided through your legal assistance officer. Keesler Federal will honor POA terms upon
receiving a certified copy of the original document or if the original is
presented for us to copy.
Direct Deposit Form/Allotment Form
You should have
one or both of these services initiated.
Direct Deposit puts your pay directly into an account of your
choice. An allotment lets you designate
part of your pay to go to another account – to a spouse’s or family member’s
account or to pay a bill. Either way,
your pay is taken care of for you.
Keesler Federal allows direct deposits or allotments into your
accounts. You may arrange automatic
payments on your Keesler Federal loans without having to write a check.
If you have a
change of address or need to simply update your phone number or e-mail address,
call Keesler Federal at 1-888-KEESLER and speak to a Member Service
Representative or come to your nearest branch office.
These services
allow you to handle much of your financial business – loan payments, moving
funds between accounts and so on – without having to physically be in a
branch. Contact Keesler Federal at
1-888-KEESLER or come to your nearest branch office to find out how to initiate
any of these services.
Set up transfers
from accounts at one financial institution to accounts at Keesler Federal. The routing number of the other financial
institution is required. A voided check
or deposit slip will provide this information.
This feature
allows you to set up a transfer of funds from one share account to another
systematically. This may also be set up
to make an Automatic Credit Card Payment into a Credit Card Payment Account.
There are two
options for you to set up an automatic credit card payment. First you may open a Credit Card Payment
Account and have a Share-to-Share Automatic Transfer authorized. This way also
allows you the flexibility of transferring funds to your Credit Card Payment
Account through TONI or CU@Home Internet Home
Banking. With option two you use the
Automatic Credit Card Payment Option form to have your payment automatically
deducted from your KFCU savings or checking account on the scheduled due date
shown on your credit card statement.
Account Status Change Form
To open a new
share or checking account or add a joint owner to an existing share or checking
account, you must complete and sign the form.
The member and all existing owners, along with the new joint owner must
sign. With a joint owner, such as a
spouse or a parent, you can be assured that someone who shares your financial
responsibilities will be able to access your account when necessary.
Even if you do
not wish to take a loan advance now, signing the initial LoanLiner
Application and Credit Agreement can save time on future loans. KFCU uses an open-ended lending system. This system allows the borrower to take
multiple loan advances based on a single loan application and credit
agreement. If you have a KFCU loan now
or have had one in the past, you have probably signed the necessary LoanLiner paperwork.
Ask a KFCU Financial Services Representative for details about your LoanLiner account.
CU@Home Internet Home Banking
This service
will allow you to access your account anywhere you have Internet access. You can make inquiries, transfer funds, even
check your KFCU credit card account and make payments. Even though you may not be close to home you
can still be in touch. Keesler Federal’s Web address is www.kfcu.org.
There are other
issues to consider when preparing your finances for emergency situations. Consult with your legal assistance officer for
details and forms.
This allows a
third person (such as a grandparent or neighbor) to sign medical treatment
consent forms for an injured child when neither parent is available to give
consent.
Family members or
a trusted friend should know where financial documents are kept and what
financial obligations you have.
Be sure you are
adequately insured against disability or loss of life. Update coverage regularly to allow for cost
of living increases.
Everyone should
have a will. It arranges for the
distribution of your assets in the event of your death. It directs where your money should go and can
minimize estate taxes and expenses.