Cooperative Professionals: New Transfer Agent Effective This December

Updates as of November 3, 2021

Reestablish your website login credentials. If we have an email address associated with your cooperative’s User ID, we will send you two emails the morning of December 6th to help you log in to the new platform. The first email will contain a security code and the second email will contain a link that will allow you to access the new platform. You will be able to use your current User ID, the security code, and your email address to establish your login credentials. The system has been programmed to include all cooperative-owned accounts under the same User ID (deferred compensation, retiree welfare benefit plan, corporate, scholarship, etc.). The person associated with the User ID will have access to all accounts owned by the cooperative.

Vision Users – we are discontinuing access to Vision after December 4th. Your User ID will be migrated to the new login platform and you may follow the same process as above to establish credentials.

If we do not have an email address associated with the cooperative’s User ID, you will need to fill out a form to gain access. Not sure if we have your email? Please call us to check.

Updates as of September 30, 2021

Payroll Processing. If you have employees who invest in Homestead Funds for either personal or deferred compensation plan accounts and you send their payroll deductions electronically, our bank information will be changing on December 4. We will send the new bank information closer to that date along with updated Group Purchase Forms and the Employer Instructions to Submit Funds Form. You will only need to update the bank information.

If you do not make the required changes to the ABA and DDA bank information, your employees’ investments in Homestead Funds will be rejected after December 4. Please make the change as soon as possible after December 4 to ensure a smooth transition.

If you mail your cooperative’s payroll processing in the form of a check, our address is also changing. We will provide the updated address closer to December 4.

This change does not apply to any NRECA Plan investments.

Good news! In January we will be introducing new functionality to make payroll processing easier. Your employees will be able to control their fund allocations through our website. We will send more information on this important change in early January.