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Collins Community Credit Union North Liberty

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Overview Of Collins Community Credit Union North Liberty Ia

Gazette Gives Back – Collins Community Credit Union

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Collins Community Credit Union Routing Number Address Swift Codes

Collins Community Credit Union BranchesVystar Credit UnionABA Routing Number: Routing numbers are also referred to as “Check Routing Numbers”, “ABA Numbers”, or “Routing Transit Numbers” . The ABA routing number is a 9-digit identification number assigned to financial institutions by The American Bankers Association . This number identifies the financial institution upon which a payment is drawn. Routing numbers may differ depending on where your account was opened and the type of transaction made. Each routing number is unique to a particular bank, large banks may have more than one routing number for different states.ACH Routing Number: ACH Routing Number stands for Automated Clearing House . This routing number is used for electronic financial transactions in the United States. ACH helps to improves payment processing efficiency and accuracy, and reduce expenses. Banks offer ACH services for businesses who want to collect funds and make payments electronically in batches through the national ACH network. ACH routing number is a nine digit number.The first four digits identify the Federal Reserve district where the bank is located. The next four numbers identify the specific bank. The last number is called as a check digit number which is a confirmation number. ACH Routing Numbers are used for direct deposit of payroll, dividends, annuities, monthly payments and collections, federal and state tax payments etc.

Collins Community Credit Union Lays Off 38 Employees

Many of the employees were from the mortgage division

CEDAR RAPIDS Collins Community Credit Union eliminated 38 Cedar Rapids positions last week.

The layoffs happened on Oct. 6, according to a Worker Adjustment and Retaining Notification Act, or WARN, listing filed by the company.

Collins Community Credit Union, located at 1005 Blairs Ferry Rd. NE, provides financial services to anyone who lives or works in Black Hawk, Dubuque, Linn, Johnson, Polk and the surrounding counties.

Vice President of Corporate Strategy and Marketing Mai-Linh Hoang said the layoffs are due to changing industry market trends.

While some services are growing, others are slowing, she said. For Collins Community Credit Union, this has resulted in an internal restructuring, which included the elimination of some current positions.

She said most of the layoffs came from the companys mortgage division.

We have taken a very deliberate approach to provide resources to affected individuals with a separation package and finding new employment opportunities, she said.

The company, which began in 1940, has grown to become the fourth largest credit union with more than $1 billion in assets. The company currently has branches in Cedar Rapids, Cedar Falls, Des Moines, Dubuque, Iowa City, Marion and North Liberty.

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