Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.

Summary:

The EFT Specialist I is responsible for posting and reconciling the daily EFT settlement and processing functions of the Credit Union. EFT processes include both Automated Clearing House (ACH) and Wire Transfers activities. The primary focus of this position is to ensure the accurate and timely processing of both the ACH files and Wire Transfers (incoming and outgoing) while adhering to regulatory and credit union policy and procedures..

Education and/or Experience:

Associates Degree or completion of a specialized course of study at a business or trade school required
Minimum one year experience as a Financial Services Representative (FSR) or equivalent, with emphasis on ACH forms and related policies.
General knowledge of NACHA and Greenbook rules and regulations and Wire Transfer compliance is preferred
Ability to perform effectively in an environment involving high risk functions and high transaction volumes.
Strong analytical and problem-solving skills, with excellent attention to detail
Ability to multi-task, prioritize, and manage time effectively.
Excellent oral & written communication skills
Accounting skills and knowledge of general office procedures.
System knowledge and experience required or desired
Proficiency in MS Office applications (Word, Excel)

Job Responsibilities:

Processes and transmits ACH Received and Originated files inclusive of same day transactions, errors and exceptions, reversals and returns. Meets established deadlines for ACH processing windows. Balances and reconciles ACH files and related general ledgers.
Processes ACH death notifications and reclamations, adhering to NACHA and Green Book regulations.
Processes ACH unauthorized claims ensuring Regulation E compliance.
Reviews and processes indemnity letters and trace requests.
Reviews, verifies, and maintains member ACH forms inclusive of originations, revocations, stop payments, and written statements of unauthorized ACH activity. Assists members and Teachers staff with the completion of these forms, and corresponds by email or e-ticket when errors occur.
Loads and schedules ACH files and EPN returns.
Loads outgoing wire transfers, both domestic and international. Reviews requests, being mindful of potential fraudulent Wire transfer activity.
Provides excellent service and guidance to members, branches, internal departments and other financial institutions with ACH and Wire Transfer inquires and forms.
Reviews, calculates, and scans check deposits; posts general ledger entries to ensure balanced settlement.
Processes automated payroll files received from our SEG groups. Balances and reviews related general ledgers. Assists with the conversion of exception files to ACH processing.
Ensures all designated general ledger accounts are properly maintained and completes research to resolve issues. Prepares monthly reconciliations for permanent record retention.
Maintains records of ACH and Wire Transfer forms and Payroll files. Monthly, submits documentation to the IT department for Onbase retention. Yearly, collects documents for in house and off-site storage.
Performs other duties as needed upon request by immediate supervisor.

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

This position is eligible for our annual discretionary bonus program. Some positions within the credit union also qualify for quarterly performance incentives

Paid time off for vacation, personal days, and holidays
401(k) company contribution
Teachers pays 100% of Dental & Vision premium
Tuition reimbursement is offered to full-time employees
Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $21.00 to $24.50 hourly. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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