10 FINANCIAL INSTITUTIONS, 20 MILITARY AFFILIATED ORGANIZATIONS AWARDED FOR ENCOURAGING MILITARY COMMUNITY TO SAVE

FOR IMMEDIATE RELEASE

July 16, 2020

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Washington, D.C. – Military Saves announced today that four banks and six credit unions have been awarded the Military Saves Designation of Savings Excellence for their extraordinary efforts to motivate their communities to build personal savings during Military Saves Month 2020. Now in its seventh year, the award is presented annually to banking institutions that succeed in getting people to open or add to wealth-building accounts.

Ten military installations/units and ten military supporters were also awarded the Military Saves Savings Champion designation for their outstanding efforts in motivating their communities to build wealth and reduce debt.

“The COVID-19 pandemic is an unfortunate situation that is currently impacting military families and their finances. The timing of Military Saves Month has helped to spearhead the conversation around saving during a national crisis and help service members and their families take action toward their savings plan,” said Angela Caban, Military Saves Director. “The installations, organizations, financial institutions, and supporters awarded went above and beyond to encourage and support the military community to save.”

Military Saves Month, held in April, is an annual opportunity for the entire military community to assess their savings status and make a plan to start or increase saving, and for organizations to support good savings behavior.

“Fort Jackson’s Army Community Service (ACS) Financial Readiness Program (FRP) team believes in the Military Saves' mission to motivate, support, and encourage military Families to save money, reduce debt and build wealth. Our team encourages the entire military community to save year-round,” said Angela Crosland, the Fort Jackson Financial Readiness Program Manager. “This year, the COVID-19 pandemic posed a challenge in spreading our savings message. However, it created an opportunity to promote planning for emergencies and the unexpected.”

For more information about the Military Saves program, visit militarysaves.org.

For more information about the Military Saves Designation of Excellence visit here.

2020 Military Saves Designation of Savings Excellence Recipients

Banks

Armed Forces Bank

First Keystone Community Bank

First Arkansas Bank and Trust

Fort Sill National Bank - FSNB, N.A.

   

Credit Unions

Air Force Federal Credit Union

New Horizons Credit Union

Freedom Federal Credit Union

PenFed Credit Union

Navy Federal Credit Union

Travis Credit Union

   

Military Installations/Units

Camp Fuji, Japan

Los Angeles AFB, CA

Fort Bliss, TX

McChord Field (JBLM), WA

Fort Drum, NY

Sheppard AFB, TX

Fort Hood, TX

94th Engineering Brigade, Tennessee Army

Fort Jackson, SC

National Guard

Fort Leonard Wood, MO

 

   

Military Supporters

AmeriForce Media

National Credit Union Administration

Association of Military Banks of America

National Foundation for Credit Counseling

Defense Credit Union Council

The Military Money Show, Lacey Langford

FINRA Investor Education Foundation

The Table Financial Planning, Andrea Clark

Investor Protection Trust

Zeiders Enterprises

Military Saves is an initiative of America Saves, a campaign managed by the nonprofit Consumer Federation of America that uses the principles of behavioral economics and social marketing to motivate, encourage, and support the military community to save money, reduce debt, and start building wealth. Military Saves encourages individuals and families to take the Military Saves pledge and organizations to promote savings year-round and during Military Saves Month. Learn more at Militarysaves.org