Wire Transfers

Solidarity cannot process any wire without the sending member providing the reason the wire is being sent.

Domestic Wires

It is very important to contact the receiving institution and obtain detailed instructions. To send money by wire transfer, you must provide the following information:

Name, Full Address and ABA Routing /Transit Number of the Receiving Financial Institution
Any Financial Institutions the funds may be routed or payable through
Beneficiary Name, Full Address and Account Number

Solidarity sends domestic wire transfers through the Federal Reserve System. Once the transfer has been sent, it is up to the receiving financial institution to credit the appropriate account.

Sending a Domestic Wire Transfer to Solidarity

Solidarity Community Federal Credit Union
Kokomo, Indiana
ABA 274974726

Final credit to:
Beneficiary’s Name
Beneficiary’s Address
Solidarity Account Number

International Wire Transfers

It is very important to contact the receiving institution and obtain detailed instructions on sending funds to a foreign account. To send a foreign wire you may need to collect some or all the following information:

Name and Address of the Financial Institution to receive funds
Any Financial Institutions the funds maybe routed or payable through
Swift Number, Sort Code, Routing Number, Bank Code or other identifying code for the Beneficiary’s Financial Institution
Branch information
Final Beneficiary Name and Address
Final Beneficiary Account Number or IBAN Number

Foreign wires are usually sent through correspondent banks, which also charge a fee for processing the wire. The correspondent bank fees are deducted from the amount of the wire.

Once the funds leave the US Banking system and are out of the country, Solidarity does not have control over the process. Depending on the sophistication of the banking system of the country it is being sent to, it can take anywhere from two days to several weeks before it is credited to the account in the foreign country. However, a general guideline would be 1 – 3 weeks. Solidarity cannot guarantee an arrival time.