Over two thirds of Golden Growers members are participating in Direct Deposit of their Distribution payments. We have received numerous favorable comments about how well the system works. It is in the interest of members and Golden Growers to have our members participating in the electronic payment system. In early January, members who are not participating will receive a letter with a completed form and return envelope. Please consider enrolling to simplify your life, save time, and make your Cooperative more efficient.
- No Lost Checks – On an annual basis, Golden Growers spends a great deal of time tracking down checks that have been lost or not cashed. Direct Deposit eliminates this problem. Members ALWAYS receive their money and GGC saves time and expense.
- Immediate Access to Payments – Direct Deposit participants have immediate access to their payments instead of waiting for the mail and the time needed to go to the bank to make a deposit. At the end of October, 23% of distribution checks worth over $220,000 remained uncashed AND 35 checks worth $28,000 from the June and February distribution were still outstanding. One month later, uncashed checks total exceed $119,000.
- Confirmation of Deposit – Golden Growers mails out a confirmation letter identifying the purpose and amount of the payment for your records.