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EFT Analyst

Lafayette Federal Credit Union

Location: Rockville, MD

Schedule: Full-time

Position Overview

Welcome to Lafayette Federal Credit Union Careers! Our organization is growing, and we are seeking top-notch individuals to provide support to our members. Our employees are a critical component in our endeavor to be the premier financial partner for every one of our members.

We are currently seeking a highly motivated EFT Analyst to support our team!

  • Do you have experience with daily ACH activity including but not limited to: ACH edits, postings, return items, notifications of change activity, research, and government reclamations?
  • Do you have experience being responsible for daily processing of the Wire Function?

If so, then Lafayette Federal Credit Union is the place for you!

About us:
Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!
Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.

Our Opportunities: Professional development, training, and certification are a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

We are currently seeking an EFT Analyst candidate to join our winning team. Summarily, the EFT Analyst will be responsible for daily ACH activity including but not limited to: ACH edits, postings, return items, notifications of change activity, research, and government reclamations. Reconciling general ledger for ACH network.  Processing all ACH returns in a timely manner. Notifying members of discrepancies in ACH credit items on their account. Researching member inquiries regarding unauthorized ACH debits or credits. Contacts the originating institution for clarification of items and contact information.

Education & Experience

  • One year to three years of similar or related experience. Education:
  • A high school education or GED.


The duties and responsibilities of the EFT Analyst include:

  • Daily processing of the Wire Function. Processing and posting all incoming and outgoing wire requests. This includes member verification, enhanced due diligence, and system processing.
  • Verifying, approving, and balancing of the Mobile Check Deposit function
  • Maintaining membership’s IRA portfolios by processing monthly, quarterly, and annual Required Minimum Distributions, notifying members when they are required to start RMDs, maintaining the IRA out-of-balance report, completing 1099R corrections to be sent to the Internal Revenue Service and notifying members of any IRS changes to the IRA rules and regulations. Maintaining IRA automatic distribution updates on Data Safe under the IRA function. Utilizing IRA Service Center to respond to IRA inquiries in a professional manner and maintaining positive member relations.
  • Being responsible for account estate settlement issues including but not limited to deceased accounts, probate issues, trust accounts, maintenance, and disbursements of accounts upon death of account holder. Researching and notifying proper staff of ACH death notifications. Maintaining hold on deceased members accounts pending government reclamations. Processing government reclamations as required.
  • Attending training seminars by MACHA, NACHA and the Federal Reserve to ensure policies and procedures are in compliance.
  • Attending classes on estate planning and settlement. Recommending changes to improve service to the membership. Attending training sessions by BISYS to ensure compliance with IRA rules and regulations.
  • Training and keeping Lafayette staff informed of any new IRA rules & regulations, IRA fundamentals and use of IRA Service Center.

Additional Comments

Top benefits or perks:

Joining Lafayette Federal comes with perks to support you in your personal and professional journey.

We provide employees with a generous benefits package including:

  • Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan) 
  • Fully funded deductible (HMO Plan)
  • 401k employer matching contribution 
  • Income protection with life insurance, short and long-term disability
  • Paid time off & holiday leave
  • Educational assistance
  • Commuter benefits program and more

The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.

*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer


How to Apply

Please apply using the following link:


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