Authorization Agreement for Electronic Funds Transfers Payments

NCUA is required under the Debt Collection Improvement Act of 1996 (Pub.L 104-134; 31 U.S.C. 3701) to issue payments to credit unions electronically. NCUA needs information to maintain up-to-date and accurate electronic payment data for new and existing credit unions. NCUA used the information on the Authorization Agreement for Electronic Funds Transfer Payments form to update their electronic routing and transit database to enable transmittal of funds and payments.

The latest form for Authorization Agreement for Electronic Funds Transfers Payments expires 2023-07-31 and can be found here.