Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Treasury recognition for direct deposit promo efforts
WASHINGTON (12/12/08)—Credit unions and other financial institutions can gain official recognition for efforts to promote direct deposit among senior citizens, veterans, people with disabilities and other who receive federal benefits. The U.S. Treasury Department’s Go Direct campaign will launch a six-month program, called the Community Ambassadors, in January. It will be aimed at small- and medium-sized financial institutions. Institutions that fulfill the Community Ambassador requirements for active participation during the January 2009 to June 2009 period will receive a letter of recognition and certificate from the Treasury’s Go Direct campaign. Requirements include such actions as coaching tellers to tell members about the benefits of direct deposit of government checks, circulating statement messages, and displaying Web banners. The Go Direct campaign reminds that among the benefits to members:
* Direct deposit is safer and easier than paper checks – in fact, when there is a problem with a Social Security payment, nine times out of 10 it is with a paper check, not a direct deposit payment; * Direct deposit also provides “green” benefits by reducing the paper and energy required to distribute checks; and * Direct deposit saves taxpayers money. Since it was launched in 2005, the Go Direct campaign has generated more than two million enrollments in direct deposit representing significant savings to taxpayers in printing, mailing and other costs.
Go Direct also administers a "Go Direct Champions" program to recognize all participant financial institutions that exceed the national average, in their size category, for signing up federal benefits recipients for direct deposit. The Credit Union National Association is a Go Direct national partner.
Other Resources

RSS print
News Now LiveWire
MA legislative young interns get own version of reality fair @DailyCUScan See #NewsNow http://t.co/DIrZFMF09X
22 minutes ago
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
17 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
17 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
18 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
19 hours ago