The U.S. Postal Service is best known for delivering the mail. But did you know it’s also the number one seller of the most widely used type of alternative financial service in the United States? We’re talking about money orders, which function like prepaid checks. The Postal Service sold a whopping 97 million of them with a face value of $21 billion in fiscal year 2014.
Like clockwork they arrive: Halloween, Thanksgiving, and then the SARC.
The SARC?! Yes, we submit our Semiannual Report to Congress, or SARC, in the late fall and spring each year. This SARC outlines our work and activities for the six-month period of April 1 through September 30, 2018,...Read More