WASHINGTON (1/27/15)--As part of next month's America Saves Week, an event in part coordinated by the Credit Union National Association, credit unions that go above and beyond in encouraging members to save money will be recognized specifically.
During America Saves Week, scheduled this year for Feb. 23-28, credit unions and other financial institutions will encourage members and customers to open or add wealth-building accounts; save automatically through direct deposit services; or pledge that they will save.
More than 1,000 financial institutions, a large portion of which were credit unions, have participated in America Saves Week in recent years.
But this year will mark the first time credit unions that perform exceptional work encouraging savings will be recognized for their work with a designation of excellence.
To qualify for the special designation, credit unions must sign up to participate in the savings week and apply between March 2 and April 1.
Then, a selection committee made up of credit union and America Saves leaders will meet in April to review all submissions and select the winners of the designation.
Criteria for consideration includes:
Winners will be recognized at the America Saves National Savings Forum May 20 in Washington, D.C., and will be featured on the America Saves website.
Started in 2007, the week is coordinated by America Saves and the American Savings Education Council. Used as an opportunity to encourage healthy savings behavior, the week often reaches millions of consumers.