For the third year in a row, Jax Federal Credit Union has been recognized with the America Saves Designation of Savings Excellence. The recognition was earned for the credit union’s efforts to encourage members to save money during America Saves Week, held February 25 through March 2, 2019. The award is presented each year to financial institutions that succeed in getting people to open and add to wealth-building accounts.
Jax Federal Credit Union was the only Northeast Florida-headquartered institution, and one of only seven credit unions and 11 banks around the nation, recognized among the 350 financial institutions (162 banks and 188 credit unions) that participated in America Saves Week in 2019.
“Since our founding in 1935, Jax Federal Credit Union has put the financial wellness of our members first. Every day, we connect our members with the information and resources they need to turn their financial goals into a reality,” said Joe Nowland, President & CEO of Jax Federal Credit Union. “I am incredibly proud of our team for executing a nationally recognized campaign to spread the message of saving in Northeast Florida. And, more importantly, I’m proud of every member who took action during America Saves Week — such as opening a savings account, setting up automatic savings and engaging their families in conversations about this important topic.”
America Saves Week is coordinated each year by America Saves and the American Savings Education Council. For this year’s campaign, Jax Federal Credit Union waived its $5 membership fee for new members and provided free financial literacy resources through its branches, website, social media accounts and email newsletters. Eighty-nine new savings accounts were opened during the campaign and $6.6 million was added to existing savings accounts.
“The banks and credit unions receiving the America Saves Designation of Savings Excellence are recognized for their effectiveness in encouraging almost 300,000 Americans to start and expand their savings to help insure a measure of financial stability. The over half a billion dollars in deposits into new and existing accounts during America Saves Week is a testimony to the trust and confidence of their customers and members. The United States savings crisis can only be combated by institutions and organizations that truly promote the best interest of their constituents. America Saves is so pleased to recognize these institutions that have motivated significant increases in personal savings,” said America Saves Director George Barany.
A full list of winners is available at the following link: