Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
SECU's Tax Prep Services Saves More Than $9M In Fees
RALEIGH, N.C. (5/3/13)--State Employees' CU, based in Raleigh, N.C., helped more than 77,000 North Carolinians claim nearly $104 million in tax refunds this tax season, saving them about $9.4 million in tax-preparation fees.

A flexible "no appointment" process meant SECU assisted more members this year, the $25.5 billion asset credit union said.

It prepared and filed tax returns for 68,000 members under the Internal Revenue Service's free Volunteer Income Tax Assistance (VITA) program. That is an increase from last year's more than 57,000 filings.

SECU's low-cost tax preparation services, offered to members with income thresholds exceeding the $51,000 VITA guideline, also filed more than 9,000 tax returns, a 34% spike from last year's 7,000 returns.

Between the two programs, SECU helped members claim nearly $49 million in total tax credits, including $27.6 million in Earned Income Tax Credits, more than $18 million in Child Tax Credits and $3.1 million in Education Tax Credits.

"The success of SECU's tax preparation services is the result of the committed efforts of 1,800 SECU tax preparers who serve members' needs with diligence and patience during the busy season," said Tenesha Carter, senior vice president of SECU Tax Preparation Services.

The credit union's partnership with IRS led to an expansion of free tax preparation services in 248 SECU branches in all the state's counties and contributed to VITA's success in the state, said Debra Patterson, territory manager for IRS Stakeholder Partnerships, Education and Communication. "We value our strong relationship with SECU and support the VITA services that SECU provides to such a large contingent of eligible North Carolinians."


RSS





print
News Now LiveWire
Registration now open for @CUNA @WOCCU summer conference in Denver July 12-15 http://t.co/opq1jypsXL #ACUC #CUinDenver2015
11 hours ago
Emergency loans post- #Blizzard2015 offered by @ScientFCU in Conn. http://t.co/U9tIBzPOZV
11 hours ago
Did you get your spot in the @CUCB #CherryBlossom 10 Mile Run? Check lottery results here http://t.co/6rxT0osyWJ @CU4Kids @CMNHospitals
12 hours ago
@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
12 hours ago
#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
13 hours ago