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SECU recognized by US Treasury Department for Direct Deposit Efforts.

CONTACT:
Leigh Brady, Senior Vice President
Education Services, SECU
919-807-8344, fax: 919-807-8348
E-mail: leigh.brady@ncsecu.org

Raleigh, NC, October 15/ Business Wire – The US Department of the Treasury’s Financial Management Service recently announced State Employees’ Credit Union (SECU) was among six financial institutions named as a 2010 Go Direct® Champion.  The recognition came for the Credit Union’s role in encouraging direct deposit among federal benefit check recipients.  The Treasury Department’s national Go Direct campaign has helped more than 4 million Social Security and other federal benefit check recipients switch to direct deposit since its launch in 2005.  Currently in its third year of participation in the Go Direct campaign, SECU has been recognized as a Champion for the past two years.

Financial institutions with a minimum of 100 branches were eligible to participate in the 2010 Go Direct Champions program, and a total of 19 organizations representing more than 25,000 branches nationwide joined in the campaign.  Programs were tracked for increases in Social Security and Supplemental Security Income ACH payments over an eight-month period.

On hand to accept the Go Direct Award at a ceremony in Washington, DC was Sandra Jones, SECU Vice President of Member Education.  Ms. Jones comments, “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.  SECU appreciates the increased level of promotion that its staff members have provided for direct deposit and is thrilled that the efforts have been recognized by the US Treasury.”

David A. Lebryk, Commissioner of the Treasury Department’s Financial Management Service, adds, “As one of the six Go Direct Champions honored in 2010, SECU has 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.  We applaud their efforts.”

 

About SECU

SECU is a non-profit financial cooperative owned by its members.  SECU has been providing the employees of the State of North Carolina and their families with consumer financial services for more than 70 years.  Currently serving 1.6 million members, SECU provides services through 233 branch offices, over 1,000 ATMs, 24/7 call centers and a website—www.ncsecu.org.

 


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