MILITARY SAVES NAMES EIGHT ORGANIZATIONS SAVINGS CHAMPIONS FOR EXTRAORDINARY SERVICE DURING MILITARY SAVES MONTH
The Military Saves Savings Champion Award Recognizes Organizations That Made the Greatest Financial Impact on Their Communities During the Annual Military Saves Month Celebration.
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MILITARY SAVES NAMES EIGHT ORGANIZATIONS SAVINGS CHAMPIONS FOR EXTRAORDINARY SERVICE DURING MILITARY SAVES MONTH
The Military Saves Savings Champion Award Recognizes Organizations That Made the Greatest Financial Impact on Their Communities During the Annual Military Saves Month Celebration.
(WASHINGTON, D.C) July 6, 2022 — Military Saves, a program of America Saves, has named eight organizations as its recipients of the 2022 Military Saves Savings Champion Award. This annual, industry-respected award recognizes organizations that effectively and actively promoted saving strategies during Military Saves Month.
“On top of their career obligations, which for many requires financial output, military personnel, and their families are facing the additional challenges of an uncertain economy. Even in an unstable financial climate, there’s no better time to start planning and setting goals for financial stability”, said Krystel Spell, Manager of Military Programs at Military Saves. “We are thrilled that our Military Saves Savings Champions have aligned with us to form a network of support that positively encourages military families to not only have financial stability but be their best financial selves.”
The nine honorees were among over 400 participating organizations in Military Saves Month, which took place during April 2022. The annual campaign encourages individuals to do a financial wellness check-in, set goals, and take action toward improving their financial stability. Upholding the 2022 theme of “Building Financial Resilience,” the Savings Champions worked directly with individuals and employees amplifying a savings message that encouraged them to open savings accounts and set up automatic savings, as well as set financial goals with a plan to achieve them.
“AAFMAA is honored to receive the Savings Champion Award. For 143 years we have been helping military, veterans and their families achieve their financial goals and protect their family. Savings is the most foundational step to protecting your family and pursuing financial independence,” said Jerry Quinn, Chief Operating Officer of AAFMAA and Colonel in the U. S. Army Reserve. “Military Saves Month helps bring sound financial habits to life for thousands of individuals and their families. AAFMAA is proud to partner with this trusted and quality program,” he said.
The actions and outreach demonstrated by the Savings Champions substantially contributed to the economic impact of Military Saves Month. Overall, the participating organizations encouraged nearly tens of thousands of individuals to set up a new savings account or deposit into an existing savings account, depositing a total of $32,320,026 during the month of April. Additionally, over 9,600 individuals either set up automatic savings or increased the amount they save automatically."
In addition to the Savings Champions, Military Saves Month 2022. saw a variety of organizations participate in the campaign, including financial institutions, government agencies, local government, nonprofit organizations, academia, and more.
2022 Military Saves Savings Champion Recipients:
AAFMAA
AAFMAA Wealth Management & Trust
Association of Military Banks of America
Connecticut State Library
FINRA Investor Education Foundation
Harris Financial Coaching
Howard County Office of Consumer Protection
Oxford Public Library.
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About America Saves
America Saves is 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 low- to moderate-income households to save money, reduce debt, and build wealth. America Saves encourages individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Learn more at americasaves.org and americasavesweek.org.