WASHINGTON–In June the U.S. Department of Treasury announced a milestone in the push for direct deposit of Social Security and SSI checks.
Since the "Go Direct" campaign was launched in 2005, a million more people have signed up for direct deposit. Credit unions earned praise for their efforts.
"Credit unions have been some of our most robust partners," said Alvina McHale, Treasury's Go Direct spokesperson. McHale also indicated credit unions may be in a good position to talk to sponsor employers and Select Employer Groups included in fields-of-membership about direct deposit of paychecks.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
