A routing quantity for CEFCU, or Neighborhood First Credit score Union, is a nine-digit code that identifies the monetary establishment and the precise department the place an account is held. For example, the routing quantity for CEFCU’s principal department in Eugene, Oregon, is 325070504.
Routing numbers are important for processing digital funds, reminiscent of direct deposits, wire transfers, and on-line invoice funds. They make sure that funds are despatched to the proper financial institution and account. In 2011, the American Bankers Affiliation launched the Routing Quantity Verification System (RNVS), which helps banks confirm the accuracy of routing numbers and cut back fraud.
