The 2020 Designation of Savings Excellence Winners

This award is made annually to those financial institutions that go above and beyond to actively encourage members to save, increase savings, save automatically, and build wealth. Financial institutions play a most pivotal role in motivating and providing a safe and appropriate opportunity to save. Your actions during America Saves Week and beyond provide a positive example of what financial institutions can do to support their customers in building emergency savings and a measure of financial stability.

Twelve awardees made a significant difference in combating the current savings crisis.  All told these financial institutions had 124,938 customers deposit $363,847,981.49 into new and existing savings account during a one-week time frame.  All of these institutions also promoted automatic savings and the need to save for emergencies/unexpected expenses using creative messaging through social media and communications to employees.

Your 2020 Designation of Savings Excellence winners are:

 

BANK WINNERS:

Farmers Savings Bank

First Commonwealth Bank

Haddon Savings Bank

Southern Bancorp Bank 

Synchrony

West Banco 

BancorpSouth Bank 

 

CREDIT UNION WINNERS:

Eaton Family Credit Union

North East Welch Family Credit Union

New Horizons Credit Union

Baylands Credit Union – 1st time winner!

Community Resource Credit Union   

Tip of the Day

  • Putting aside fifty cents a day will allow you to #save nearly $500. 

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Kristin Hendricks, a single mother from Texas, understands the importance of saving money and following a tight budget. She decided to make saving money a priority when she gave birth to her son.

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Saving is a Family Affair

Saving is truly a family affair for Jeff’s household. During America Saves Week 2019, he pledged to save for retirement. But making a commitment and creating a plan to save isn’t a new concept for him.

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Starting and Continuing a Personal Finance Journey

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

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