We have recently undergone some significant changes to our checking account number formats.  We want to make certain that everyone knows the proper routing numbers and checking account number format for electronic transactions and ACH (Automated Clearing House) deposits.

This does not mean that you have to change ACH payments and deposits that you have already set up, nor will you need to order new checks.  When your current check supply runs out, please make certain to either order your new checks directly from Ripco (your will almost certainly save money as compared to another check vendor) or let us tell you what your new MICR (Magnetic Ink Character Recognition) line should be.

You can help ensure prompt and accurate posting of your payments and deposits if you use the following information when initiating any new ACH withdrawals/payments or direct deposits.

Checking Account numbers – for ALL accounts
(originating in BOTH Rhinelander and Eagle River)

For accounts opened as Ripco accounts:

Your checking account number for electronic and ACH transactions will now be 14 digits long (the same as the MICR code which will be found on all new check orders).  This enhanced format is needed for electronic processing purposes only, and will not affect the number/login you use for online banking.

The enhanced/electronic format will start with “1” and will be immediately followed by as many zeroes as are needed to create 14 digits when preceding the account number, account type and check digit.

For example: An original Ripco account number 1111-045 would have a new MICR line reading 1000001111045X. It will start with a one, then five zeroes, then the “1111” member account number, the “045 indicating the checking account type, and the “X” which represents your check digit. The “X” will be a number between 0 and 9, and may not be the same check digit as you had prior to the new format.

For accounts opened as Nicolet Credit Union accounts:

Your checking account number for electronic and ACH transactions will be 14 digits long (the same as the MICR code which will be found on all new check orders).  This enhanced format is needed for electronic processing purposes only, and will not affect the number/login you use for online banking. 

The enhanced/electronic format will start with “100” and will be immediately followed by your new 7-digit Ripco account number, your Ripco account type and check digit.  Your new Ripco account numbers all start with a “4” followed by as many zeroes as are needed to create a seven-digit number.  This seven-digit number is the same as your initial username for home banking login purposes.

For example: An original Eagle River account number of 1818-8 (checking account type 70) would have a new Ripco Account number of 4018188 and a MICR line reading 1004018188047X. In this example, we have the leading “100” followed by your seven-digit Ripco account number “4018188” followed by your checking account type “047” followed by “X” which represents your check digit. The “X” will be a number between 0 and 9.

We realize this can be very confusing, and apologize for any inconvenience.  For fastest service, please don’t hesitate to call us for assistance at 715-365-4800 or toll-free at 1-877-365-4800.

All funds in a ''noninterest-bearing transaction account'' are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.

The term ''noninterest-bearing transaction account'' includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (''NOW'') account, money market deposit account, and Interest on Lawyers Trust Account (''IOLTA''), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.

Ripco will never initiate a call or an e-mail asking you for your account numbers or personal information. Protect yourself by suspecting any unsolicited message that suggests your accounts or debit/credit cards are in danger of being “blocked” or closed, no matter what the medium or apparent source. Rather than calling a number given in any unsolicited message, you should directly call us (or the institution named), using a number that is known to be valid (from the phone book or from an Internet search). We recommend you notify us or the other identified financial institution of any suspicious attempt to obtain information.  It is always a good idea to frequently monitor your account activity and promptly report any suspicious transactions.

*Vishing (voice or VoIP phishing) is an electronic fraud tactic which attempts to trick individuals into revealing critical financial or personal information to unauthorized entities. Vishing works like phishing but does not always occur over the Internet and is carried out using voice technology. A vishing attack can be conducted by voice email, VoIP (voice over IP), or landline or cellular telephone. For more information, please see the Federal Trade Comission’s report on “How Not to Get Hooked by a Phishing Scam” at http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt127.shtm