America Saves and Military Saves Week is an annual opportunity for credit unions to talk to their members about the importance of good savings behavior, as well as a chance for members and their families to assess their own financial situation.
These national campaigns, managed by the Consumer Federation of America, unite government, nonprofit and corporate groups to encourage individuals and families to set a financial goal, make a plan and save automatically.
"America Saves and Military Saves campaigns provide credit unions with the perfect opportunity to reinforce their mission of promoting thrift and financial literacy," NCUA Board Chairman Debbie Matz said.
Credit unions can partner with their local America Saves and Military Saves campaign or use existing partnerships with schools, colleges and other community groups to offer financial workshops or financial literacy materials to consumers.
Other ways credit unions can participate include:
- Encouraging members to take the pledge to save at AmericaSaves.org (opens new window) or MilitarySaves.org (opens new window);
- Offering incentives for automatic deposits into a savings account or opening a retirement account;
- Providing free financial counseling services or hosting a community event to attract eligible members;
- Reminding members of the credit union difference and member-focused approach to financial services; and
- Featuring information about America Saves and Military Saves at branch locations, on public websites or by linking to MyCreditUnion.gov (opens new window).
To learn more, sign-up and access free resources, go to MyCreditUnion.gov's Virtual Campaign Headquarters at (opens new window).