Wire transfers allow members to send funds electronically to another financial institution or Western Union™ locations, almost anywhere in the w. Send money to the kids at college, to a traveling friend in an emergency, or to yourself if you run out of funds on a business trip.
You can also have funds wired to your credit union account from almost anywhere in the world. The procedures and requirements are a little different, but still offer a very convenient method to getting funds deposited into your credit union accounts.
Outgoing Wire Transfers
To send funds from UIECU to another Financial Institution inside the US:
Outgoing wire transfers require complete wiring instructions from the receiving institution which should include the name, address, and ABA/routing number of the financial institution the funds are being wired to. The recipient's name, address (no PO box numbers) and account number are also required. If the recipient is someone other than yourself, a signed authorization to make the transfer is also needed. The cut-off time for all domestic wire transfers (including Western Union) is 3pm CST.
To send funds from UIECU to another Financial Institution outside the US:
To send an international wire transfer, some of the procedures and terminology are different than a US wire transfer. All European cross-border wire transfers will be required to include a Bank Identifier Code (BIC)/SWIFT (The Society for Worldwide Interbank Financial Telecommunication (SWIFT) and an IBAN (International Bank Account Number) to identify a beneficiary account. Utilizing the IBAN reduces the number of potential delays and errors when making international payments. The recipient's name, address (No PO Box Number), currency type (US dollar or the currency for the country that you are sending to), and account number are also required. If the recipient is someone other than yourself, a signed authorization to make the transfer is also needed. The cut-off time for all international wire transfers is 2pm CST.
Countries requiring a BIC and IBAN:
|Bosnia and Herzegovina
||St Pierre et Miquelon
||United Arab Emirates
For all other international wires we require:
If you are not listed on the account we are transferring to, we require a written authorization from the UIECU member to transfer funds to that account.
The name of the institution
- Address (No PO box numbers)
- Currency Type
- A Telex, Swift, or Sort Number
To send funds from another United States Financial Institution to UIECU:
University of Illinois Employees Credit Union
For final credit to the member's name and account number (the name on the account and the account number must match UIECU record). If name/account number is not an exact match the wire will be rejected. The cut-off time for all incoming wire transfers is 4pm CST.
To send funds from another International Financial Institution to UIECU:
Alloya Corporate Federal Credit Union, Warrenville, IL
For credit to the University of Illinois Employees Credit Union, Champaign, IL
Final credit to the member's name and account number (the name on the account and the account number must match UIECU record). If name/account number is not an exact match the wire will be rejected.
Some foreign institutions may request a BIC, IBAN, Telex, or Swift number. Alloya does not require any of that for an incoming international wire. So the necessary information to wire funds to the USA to UIECU is listed above. The cut-off time for all incoming wire transfers is 4pm CST.
Click here for wire transfer fee information.