A routing quantity for CEFCU, or Group First Credit score Union, is a nine-digit code that identifies the monetary establishment and the precise department the place an account is held. As an illustration, the routing quantity for CEFCU’s fundamental department in Eugene, Oregon, is 325070504.
Routing numbers are important for processing digital funds, akin to 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.
