True North FCU is pleased to announce our partnership with Go Direct, a national campaign sponsored by the US Department of the Treasury and the Federal Reserve Banks, to encourage people who get Social Security and other federal benefit payments by check to switch to direct deposit.
Go Direct reaches out to people about direct deposit in many different ways, including media, advertising and Web sites in English and Spanish. But the most powerful avenue for getting out the message is face-to-face communication - and that's where True North comes in.
True North is a familiar, trusted source of information for the members we serve, and we can help them make this small, but important change in their financial well-being. True North encourages members receiving such federal benefits to participate in this worthy effort by calling the number at the bottom of this article.
Direct deposit is simply the best way to receive Social Security and Supplemental Security Income (SSI) payments. Direct deposit eliminates the risk of lost or stolen checks, reduces fraud, helps protect against identity theft and gives people more control over their money. Plus, direct deposit provides people with immediate access to their money from virtually everywhere.
Direct deposit also saves taxpayers millions of dollars. If every current federal benefit check recipient switched to direct deposit, it would save taxpayers about $120 million a year. Almost all the money saved remains in the Social Security Trust Fund - a benefit to all Americans for years to come.
The campaign makes it easy for people who get Social Security and SSI to sign up for direct deposit - they can call the toll-free help line (800) 333-1795 or sign up online at www.GoDirect.org .