This nine-digit code identifies the financial institution where an account is held. It’s essential for electronic transactions, such as direct deposits, wire transfers, and bill payments, ensuring funds are correctly routed to and from the proper account within the specified credit union. For instance, when setting up direct deposit with an employer, this code, along with the account number, directs the payroll department to deposit funds into the correct account.
Accurate use of this identifier prevents processing delays and ensures timely access to funds. Historically, these numerical codes were developed to streamline interbank transactions, replacing the need for manual processing and significantly reducing errors. This efficiency is critical for both individuals managing personal finances and the broader financial system. Using the correct code ensures the seamless flow of funds, facilitating everything from recurring bill payments to complex financial transactions.