Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
N.C.s SECU recognized for Direct Deposit efforts
RALEIGH, N.C. (10/18/10)--State Employees’ CU (SECU) was among six financial institutions named as a 2010 Go Direct Champion, announced the U.S. Department of the Treasury’s Financial Management Service.
Click to view larger image From left: Dave Lebryk, commissioner of the Treasury Department's Financial Management Service; Sandra Jones, vice president, member education at State Employees' CU, Raleigh, N.C.; Dick Gregg, Treasury fiscal assistant secretary; and Michael Barr, Treasury assistant secretary for financial institutions. (Photo provided by State Employees' CU)
The recognition was for the Raleigh, N.C.-based SECU’s role in encouraging direct deposit among federal benefit check recipients. The Treasury’s national Go Direct campaign has helped more than four million Social Security and other federal benefit check recipients switch to direct deposit since its launch in 2005. SECU, a participant in the program for three years, has been recognized as a Champion for the past two years. Financial institutions with a minimum of 100 branches are eligible to participate in the Go Direct program. Nineteen organizations representing more than 25,000 branches nationwide joined the campaign. Programs were tracked for increases in Social Security and Supplemental Security Income ACH payments over an eight-month period. Accepting the award for SECU at a ceremony in Washington, D.C., was Sandra Jones, SECU vice president of member education. “Direct deposit is a safe and convenient way for federal benefit recipients to receive their payments. Not only does it eliminate the risk of lost or stolen checks, but it provides members access to their funds in a timely manner.” David A. Lebryk, commissioner of the Treasury Department’s Financial Management Service, noted that SECU played “an essential role in motivating its senior members, people with disabilities and other federal benefit recipients to switch from checks to safer, easier direct deposit.”


RSS print
News Now LiveWire
.@CUNA VP of Econ MIke Schenk featured in Money magazine http://t.co/SC6Shv0lDH
16 hours ago
#NewsNow: @CFPB develops tools for student loan debt relief. http://t.co/a6pOReC86F
17 hours ago
Stephanie Smith has been named as the new executive director of America's #CreditUnion Museum. (2 of 2)
18 hours ago
America's #CreditUnion Museum executive director Peggy Powell is stepping down after 15 years. (1 of 2)
18 hours ago
#NewsNow League presidents raise voices for data breach protection http://t.co/zX1UsvsQP6
19 hours ago