As you know, Farmers policy states that Agents and DMs are to be paid between the 1st and 5th of each month. The Credit Union usually receives deposit information for posting on the 1st or 2nd and we always post Agent Net with an effective date of the first.
Information is prepared by region.
Your local regional office receives and balances information for you and other agents in your area, then sends the final verified amounts to Home Office. As the information is received from the regions, Farmers extracts the deposits for Credit Union members and gives it to us. We balance the information on our system and post the deposits within 30 minutes of receipt. Remaining information is transmitted to various other financial institutions for posting. Farmers is vigilant about making sure your deposit is accurate and timely, as is the Credit Union.