Authorization Agreement for Electronic Funds Transfer Payments Form
This Authorization Agreement for Electronic Funds Transfer form is intended for use by federally insured credit unions, not for NCUA vendors or the general public.
Public Law 104-134 (the Debt Collection Improvement Act of 1996) requires that all payments from federal agencies, with the exception of Internal Revenue Service tax refunds, must be made by electronic funds transfer (EFT) effective January 1, 1999. NCUA advised credit unions of this new requirement in NCUA Letter to Credit Unions 97-CU-7
and began collecting information.
This form provides credit unions with a convenient means of providing NCUA with the information needed to make payments to credit unions electronically. The completed form can be either mailed or faxed to NCUA using the information provided on the bottom of the form.
Direct questions/comments to the Division of Share Insurance at NCUSIF@ncua.gov
or hotline 877-452-1463