32 Banks and Credit Unions Awarded 2017 America Saves Designation of Savings Excellence

America Saves is Proud to Announce its 2017 Designation of Savings Excellence Recipients  

For Immediate Release: June 5, 2017

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it., America Saves, (202) 939-1002

WASHINGTON — This year, 32 banks and credit unions were awarded the America Saves Designation of Savings Excellence and eight financial institutions received honorable mentions for their extraordinary efforts to encourage saving during America Saves Week/Military Saves Week. The award is presented annually to banks and credit unions that succeed in getting people to open and add to wealth-building accounts.

“This was our most competitive year so far, with this year’s Designation award winners engaging in creative ways and offering savings incentives,” said Allie Vered, America Saves Director. “We applaud each of this year’s recipients for their efforts to educate and inspire, and most importantly, take action to save money.”

Just two in five American households report making good or excellent savings progress. America Saves Week is an annual opportunity for people to assess their savings status and make a plan to start or increase saving, and for organizations like banks or credit unions to support good savings behavior. America Saves Week is coordinated each year by America Saves and the American Savings Education Council.  

“The Foundation is proud to be working with America Saves on the Designation. The America Saves Week effort is great for credit unions to be aware of in terms of helping their members save, as encouraging savings and financial capability are part of credit unions’ DNA,” said Gigi Hyland, executive director of National Credit Union Foundation and chair of the America Saves Designation of Savings Excellence credit union selection committee.

“Each bank that earned the 2017 Designation for Savings Excellence demonstrated an extraordinary commitment to promoting regular savings by its customers. Collectively, they employed incentive programs designed to foster an enduring savings culture that will help their customers achieve future goals and achieve a degree of financial independence. These exceptional banks know that establishing a saving culture today creates a bridge to financial security in the future,” said Andrew N. Egeland, Jr., a member of the American Saves Designation of Savings Excellence bank selection committee.

2017 America Saves Designation of Savings Excellence Recipients:

  • Air Force Federal Credit Union
  • Andrews Federal Credit Union
  • Armed Forces Bank
  • BancorpSouth Bank
  • Dean Bank
  • District Government Employees Federal Credit Union
  • Dover Federal Credit Union
  • Eglin Federal Credit Union
  • Farmers Savings Bank
  • First Arkansas Bank & Trust
  • First Federal Savings and Loan Association of Port Angeles, WA
  • FNB Community Bank
  • Fort Hood National Bank
  • Guadalupe Credit Union
  • Hanscom Federal Credit Union
  • Home Federal Bank
  • Jax Federal Credit Union
  • Keys Federal Credit Union
  • LUSO Federal Credit Union
  • M&T Bank Corporation
  • Mechanics Bank
  • MECU of Baltimore
  • Navy Federal Credit Union
  • Pacific Marine Credit Union
  • Peninsula Federal Credit Union
  • Pioneer Valley Credit Union
  • Quontic Bank
  • R.I.A. Federal Credit Union
  • SmartyPig by Sallie Mae Bank
  • Southern Bancorp
  • Torrington Savings Bank
  • WesBanco Bank, Inc.

2017 Honorable Mentions:

  • Broadway Bank
  • Freedom Federal Credit Union
  • FreeStar Financial Credit Union
  • Frontier Community Credit Union
  • Heritage Bank & Trust
  • NSWC Federal Credit Union
  • Security Service Federal Credit Union
  • TS Bank

For more information about the America Saves Designation of Excellence visit:

Bank Designation: http://americasavesweek.org/america-saves-designation-of-excellence-for-banks-criteria/

Credit Union Designation: http://americasavesweek.org/america-saves-designation-of-excellence-for-credit-unions/

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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.

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