Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
iGo Directi promotes direct deposit for older Americans
WASHINGTON (5/15/12)--May is Older Americans Month, and "there's no better time" to help seniors start to receive their Social Security benefits electronically, the U.S. Treasury's Go Direct program said this week.

The Go Direct program said making the switch to direct deposit would help seniors "save taxpayers money and immediately receive their payments in a more reliable way." The program has released news copy, fliers and posters for financial institutions and community organizations to inform citizens of the benefits of switching to direct deposit.

The Go Direct campaign, which started in 2004, also notes that direct deposit enhances safety and convenience.

The Treasury officially ended the use of paper checks for the payment of newly filed Social Security and other federal benefit payments on May 1, 2011, and all federal benefit payments will be made electronically beginning on March 1, 2013.

The Credit Union National Association is a Go Direct national partner and supports the check-safety and cost-savings goals for the program. For more information on Go Direct, use the resource link.
Other Resources

RSS print
News Now LiveWire
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
54 minutes ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
3 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
4 hours ago
See @CUNA's @SchenkMike on TheStreet discussing a new surge consumer confidence http://t.co/SqjarTBLCQ
4 hours ago
.@CFPB pushes back cmmt deadline on proposal to allow consumer narratives in complaints database--now 9/22, was 8/22. http://t.co/mHLlRVjEij
5 hours ago