April 21st, 2010

Online Services Reduce Paper

Everyone is concerned with saving paper, with good reason. Reducing the amount of paper generated by everyday tasks can have a big impact on the utilization of forest and water resources and can help keep landfills from overwhelming their environments.

According the Environmental Defense Fund[1]:

  • The pulp and paper industry is the third largest consumer of energy in the U.S., using 11.5% of all energy in the industrial sector.
  • The paper industry is this country’s largest single consumer of wood. Worldwide, over 40% of the industrial wood harvest is used for paper
  • Paper is also the largest single component of solid waste, accounting for over 25% of waste sent to landfills and incinerators (after recycling). Among other problems, the decomposition of paper in landfills produces methane, a greenhouse gas with 25 times the heat-trapping power of carbon dioxide.

SMCU recognizes the significance of reducing paper output.  That’s why SMCU has given their members a number of options to decrease their use of paper when transacting on their accounts. Below are some of the primary paper-reducing strategies available to SMCU members.

Direct Deposit

Minimize the amount of paper your employer uses to print paychecks. Get your paycheck electronically deposited right into your checking account. You may even get your funds faster than you would with a regular paper check.

Online Banking

Save the gas associated with a trip to the credit union. View your transactions at any time and make transfers without coming in to the branch. It’s easy to stay on top of what’s coming into and going out of all of your SMCU accounts.


Do away with the need to receive paper statements in paper envelopes in your mailbox. Review your monthly account statements online.


Eliminate paper bills in the mailbox. You can have bills delivered right into your SMCU Online Banking account. View the bill online and save it electronically. When you are ready, you can make the payment directly from the online Bill Pay screen.

Bill Pay

Pay your bills online without having to write a paper check and stuff it in a paper envelope. For most payees the credit union is able to send the funds electronically meaning the transaction requires absolutely no paper.

Signing up for these services is easy and will make a big difference as more and more members adopt them.

[1] “Paper and Packaging”, from the Environmental Defense Fund Innovation Exchange web site, http://innovation.edf.org/page.cfm?tagID=30463, retrieved April 15, 2010.

Comments are closed.