11 Financial Institutions, 17 Organizations Awarded for Encouraging Military and Veteran Community to Save
Military Saves announced today that three banks and eight credit unions have been awarded the Military Saves Designation of Savings Excellence for their extraordinary efforts to motivate the military and veteran communities to save effectively in order to reduce debt and build wealth during Military Saves Month 2021.
Contact: info@militarysaves.org
11 FINANCIAL INSTITUTIONS, 17 ORGANIZATIONS AWARDED FOR ENCOURAGING MILITARY AND VETERAN COMMUNITY TO SAVE
(WASHINGTON, D.C) June 1, 2021 — Military Saves announced today that three banks and eight credit unions have been awarded the Military Saves Designation of Savings Excellence for their extraordinary efforts to motivate the military and veteran communities to save effectively in order to reduce debt and build wealth during Military Saves Month 2021. Now in its eighth year, the award is presented annually to financial institutions that succeed in getting people to open or add to wealth-building accounts.
Seventeen military installations/units and supporters were also recognized with the Military Saves Savings Champion award for their outstanding efforts in motivating their communities to achieve financial stability.
“Military Saves Month has helped service members and their families take action toward their saving plan by taking the Military Saves Pledge,” said Angela Caban, Military Saves Director. “We led the conversation on topics such as saving automatically, reducing debt, establishing an emergency fund, planning for retirement, and saving as a family. 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 saving behavior. For more information about the Military Saves Designation of Savings Excellence and the Savings Champion visit MilitarySaves.org
2021 Military Saves Designation of Savings Excellence Recipients:
Banks
First Arkansas Bank and Trust
USAA
Wells Fargo
Credit Unions
Community Resource Federal Credit Union
Hanscom Federal Credit Union
Navy Federal Credit Union
New Horizons Credit Union
PenFed Credit Union
Scott Credit Union
Travis Credit Union
Pioneer Valley Credit Union
Savings Champion Award
American Armed Forces Mutual Aid Association
AmeriForce Media
Association of Military Banks of America
Defense Credit Union Council
Experian
First Command of DuPont, WA
FINRA Investor Education Foundation
Harris Financial Coaching
Michael Walters Advertising
New Jersey Bureau of Securities
National Foundation for Credit Counseling
Securities Division - TN Department of Commerce & Insurance
Silicon Valley/ South Bay SAVES
USS Makin Island, Navy
USS John C. Stennis, Navy
United States Securities and Exchange Commission
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About Military Saves
Military Saves is coordinated by the nonprofit Consumer Federation of America and is an initiative of America Saves. The program is a participant in the Department of Defense’s Financial Readiness Network. Military Saves is a research-based campaign that uses the principles of social marketing and behavioral economics to motivate, support, and encourage the entire military community, including veterans, to save money and build wealth by taking the Military Saves Pledge. Military Saves also works with government agencies, defense credit unions, military banks, and nonprofit organizations to promote savings and debt reduction. For more, please visit MilitarySaves.org.