Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUs eligible for iGo Directi recognition from Treasury
WASHINGTON (9/23/10)--With the “big guy” awards behind them, the U.S. Treasury Department’s Go Direct campaign is now turning its attention to recognizing the efforts of smaller credit unions and banks to get consumers to sign on for direct deposit of federal benefits checks. Registration is now open for the Go Direct Community Ambassadors Program. That program recognizes the efforts of small- and medium-sized financial institutions that “go the extra mile in promoting direct deposit to senior citizens, people with disabilities, veterans and others who receive federal benefits.” Financial institutions with fewer than 100 branches are eligible to register. To be recognized as a Community Ambassador, a financial institution must complete at least two of the activities listed below between October 2010 and March 2011. That participation must be reported using a simple check-box form that will be distributed via email throughout the program period. Activities include:
* Posting a web banner on your financial institution's website; * Including a statement message or insert in statements to customers or members; * Ordering and distributing in-lobby materials; * Communicating with tellers or distributing a Go Direct campaign communication kit to staff; and * Creating and implementing a teller or branch incentive program or competition.
The Go Direct campaign offers free materials for participants to spur ideas for how to share information about the benefits of direct deposit with their members or customers. (Use resource link.) Credit unions and banks that successfully participate in the Community Ambassadors Program will receive a letter of recognition and a certificate from the Treasury Department. In addition, they also will receive a web banner and suggested newsletter copy they can use to announce their recognition as a 2010/2011 Go Direct Community Ambassador. Also recently, State Employees' CU, Raleigh, N.C., was among six financial institutions named by Treasury as 2010 Go Direct Champions--an enrollment recognition program for larger institutions. The six champions beat out 13 other competitors. (News Now Sept. 16) The Credit Union National Association is a national partner with Treasury for its Go Direct campaign and was on hand when the government launched the campaign on the National Mall in September 2005.
Other Resources

RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
13 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
16 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
17 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
17 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
17 hours ago