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Wire Transfers

Members can wire funds to and from accounts at Federated Employees Credit Union (FECU) to domestic or eligible international financial institutions. Sending and receiving money with a wire transfer is a useful, fast, and secure way to transfer a large amount of money. Always use caution and verify the accuracy and legitimacy of the information before deciding to send money because it is very difficult to cancel or reverse. If you need additional wire transfer information, please contact us or view the Wire Transfer FAQ page.

Domestic (U.S.) Wire Transfers

Receiving Funds from another financial institution:

Instructed Agent (receiving financial institution): Alloya Corporate FCU
Address: 184 Shuman Blvd Suite 400 Naperville, IL 60563
Routing Number (ABA): 271987635

Creditor Agent (financial institution that services the creditor’s account): Federated Employees Credit Union
Address: 1929 S. Cedar Ave. Owatonna, MN  55060
Account Number (institution’s nine-digit ABA number): 291975326

Creditor (person or business receiving the funds): Your full name
Address: Your physical street address, city, state and zip code 
Account Number: Your Federated Employees Credit Union account number
Instructions: Additional information or purpose for providing funds 

Sending Funds to another financial institution:

Debtor (name sending the funds): Your full name 
Account Number: Your Federated Employees Credit Union account number
Address: Your physical street address, city, state and zip code (PO Boxes are not recommended)
Wire Transfer Amount: The amount you want to transfer
Fee instructions: indicate which of your FECU accounts the funds and fee will be withdrawn from  
Wire Purpose: Brief description or additional information for an invoice, escrow or account number

Instructed Agent (financial institution funds being sent to): Name of the financial institution  
Transit number/Routing number: The institution’s nine-digit ABA number
Address: Agent’s physical street address, city, state and zip code (PO Boxes are not recommended) 

Creditor Agent: Financial Institution that services the creditor’s account – may be the same as Instructed Agent
Name of Financial Institution: Receiving financial institution may be the same as instructed agent
Transit number/Routing number: The institution’s nine-digit ABA number
Address: Physical street address, city, state and zip code (PO Boxes are not recommended) 

Creditor (person or business receiving the funds): Receiver’s name 
Creditor’s account number: The account number receiving the funds
Address: Physical street address, city, state and zip code (PO Boxes are not recommended) 

Note: Fees may apply. Cut-off time for domestic transfers is 4:30 p.m. CST. Outgoing wire transfer services are available for FECU members only. If you are sending wired funds from your account, you will need to complete the Outgoing Wire Request Form.

International Wire Transfers

Receiving Funds from an international financial institution:

Please contact the credit union for information required to receive foreign wire transfers. 

Sending Funds to an international financial institution:

Originator (Member sending funds): Your full name 
Account Number: Your FECU account number
Address: Your physical street address, city, state and zip code (PO Boxes are not recommended) 
Wire Transfer Amount: The amount withdrawn from your account 
Currency: Indicates the transfer is being sent in fixed U.S. Dollars and will be deposited as foreign currency or the funds are withdrawn in U.S. Dollars and converted to the foreign currency prior to sending.
  
 Intermediary Institution: Company Name or Financial Institution receiving funds on behalf of Beneficiary
Intermediary Routing /Transit Number: Receiving institution’s nine-digit ABA number

Beneficiary Financial Institution: Financial institution receiving funds
Bank Identifier Number: SWIFT Code, UKSORT, BLZ, BSB, or TRNO 
Address: Financial institution’s full address including country

Beneficiary Name: Name of person or business receiving funds
Address: street address (no PO Boxes), city, state/province, postal code and country
Account number or IBAN: International bank account number is required for European countries 
Purpose of transaction: Identified purpose of the transfer is mandatory for certain countries 

Note: International wire fees vary. Cut-off time for international wires is 3:00 p.m. CST. When sending funds in U.S. Dollars, the FECU has no control or knowledge over the exchange rate from the receiving foreign bank. The FECU has no influence or responsibility for fees or surcharges imposed by other financial institutions involved in the transfer. Please review Truth In Savings Account Disclosures and Fee Schedule for fees and terms. The FECU does not provide third party account fee disclosures, terms, conditions, and limitations. 

Call Back Authentication of Wire Transfers

We are committed to creating a secure transfer process and may require additional verification prior to completing your transfer. If you cannot be reached to verify the wire information your transfer may not be completed.