Carolina Postal CU Pilots new Payday Advance

CHARLOTTE, N.C. – Members of Carolina Postal CU who are postal workers are being urged to ‘Think Outside the Bank’ and get their paychecks two days early under a new program. Under ‘Priority Payday Checking,’ the credit union posts the ACH payroll on Wednesday at 9 a.m., instead of the standard Friday morning. "Rather than just extend the hours on a payday Friday, like every other financial institution, we decided to really think outside of the 'bank' and we moved payday up by two days," said CEO Joy Watts. She said that Friday is the busiest and most stressful delivery day for postal workers and it is difficult to get to the credit union. Shortly after implementation, the $60 million credit union saw an increase of $1.1 million in deposits.