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News Now

Washington
CU among six iGo Directi Champions
WASHINGTON (9/16/10)--State Employees' CU, Raleigh, N.C., was among six financial institutions named by the U.S. Treasury Department as 2010 Go Direct Champions for their roles in driving enrollments in direct deposit among federal benefit-check recipients. The six champions beat out 13 other competitors. Participating credit unions and banks were grouped into two tiers based on number of branches, and the program tracked increases in the financial institutions' Social Security and Supplemental Security Income (SSI) ACH payments over an eight-month period, ending May 31. This recognition program is aimed at financial institutions with a minimum of 100 branches. The 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. The Credit Union National Association is a Go Direct national partner. The Treasury’s Go Direct campaign also has a recognition program, called the Community Ambassadors, aimed at small- and medium-sized financial institutions.


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