CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • CUNA News
    • Policy & Issues
    • CU System
  • Credit Union Magazine
    • Technology
    • Lending
    • Compliance
    • Marketing
    • Management
    • Operations
    • Human Resources
    • Volunteers
  • Advertise
  • Contact
  • Subscribe
  • Buyers' Guide
  • Awards
    • CU Rock Star
    • CU Hero
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » CUs ready for America Saves, Military Saves Week
CU System

CUs ready for America Saves, Military Saves Week

February 19, 2016

MADISON, Wis. (2/19/16)--Credit unions are ready to help their members make commitment to savings America Saves and Military Saves Week, Feb. 22-27.

The campaign, which is coordinated by the Consumer Federation of America and supported by the Credit Union National Association and the National Credit Union Foundation, is dedicated to helping individuals save money, reduce debt and build wealth.

AmericaKey themes of the week include saving automatically, assessing level of savings, saving for retirement or emergencies, saving tax refunds and paying off high-interest debt.

The National Credit Union Foundation hosted a Twitter chat Wednesday for credit unions to share best practices and examples of savings and asset-building programs.

“According to a recent study, 71% of Americans are spending less than their income and saving the difference, up from 68% in 2014,” said Christopher Morris, foundation director of communications. “This is a huge opportunity for credit unions to help their members improve their financial well-being, which is why the foundation is pleased to facilitate this discussion.”

“Instant gratification or putting wants before needs can wreak havoc on a savings account,” tweeted WESTconsin CU, Menomonie, Wis., during the event.

NerdWallet, the financial advice website, tweeted a link to three reasons why consumers should have an automatic savings plan:

  • No effort after setup. Once you start automatic transfers, which might be made every week or two, you don’t have to give it another thought;
  • Building the habit of spending less than you make. Automating the process lets your savings grow unattended; and
  • Keeping accounts separate. Automatic transfers can help limit spending based on what’s available in checking.

Air Force FCU, San Antonio, is offering free financial-education tools and services for Military Saves Week to help military servicemembers and their families achieve their financial goals. In addition to the financial classes and workshops that Air Force FCU offers year-round, the credit union is offering financial workshops, a free webinar and e-book, Twitter chats and a credit building workshop.

LUSO FCU, Ludlow, Mass., is urging members to enroll in a retirement savings program during America Saves Week.

  • Related Articles

    Pledge, plan, #chat: America, Military Saves Week coming soon

    CUs fully engaged with Military Saves Week

    CUs can participate in America Saves Week starting Feb. 27

This Month Payments: Perils and Promise

Payments: Perils and Promise

The payments arena offers new opportunities to connect with members.
Cards Are (Still) King

Cards Are (Still) King

Credit and debit cards still drive the competitive payments market.
Open Banking on its Way

Open Banking on its Way

Prepare for the impact it will have on member relationships and competitive positioning.
App Digital Edition Subscribe

Trending

  • Compliance: CUNA offers webinar series on Regulation Z

  • Senate OKs CUNA-backed disapproval of CFPB lending bulletin

  • CUNA backs Senate use of CRA for CFPB lending bulletin

Tweets from @CUmagazine and @CUNA_News

Polls

How often do you talk to the board about compensation?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors