AFFCU awarded Designation of Savings Excellence by Military Saves
SAN ANTONIO, TX (July 22, 2020) — Air Force Federal Credit Union (AFFCU) has earned the annual Military Saves Designation of Savings Excellence award. This honor is reserved for financial institutions that succeed in getting people to open or add to wealth-building accounts.
“The COVID-19 pandemic is an unfortunate situation that is currently impacting military families and their finances. The timing of Military Saves Month has helped to spearhead the conversation around saving during a national crisis and help service members and their families take action toward their savings plan,” said Angela Caban, Military Saves Director. “The financial institutions awarded went above and beyond to encourage and support the military community to save.”
“The designees awarded all pivoted to promote a fully digital campaign in response to the COVID-19 pandemic,” she continued. “These banks and credit unions don’t just tell people why it’s important to save, they help them do it. They all play an important role in Military Saves Month by making it easy to save. When individuals utilize saving accounts, they build financial security.”
Military Saves Month, held in April, is an annual opportunity for the entire military community to assess their savings status and make a plan to start or increase their savings, and for organizations to support good savings behavior.
“These are certainly trying times for so many people, and as a credit union, we’ve tried to be a source of support for our members and the military community,’ said Bob Glenn, President/CEO of AFFCU. “We are humbled to be recognized again for our efforts to provide the services and products to put people in the best financial situation possible and build their savings.”
For more information about the Military Saves Program, visit MilitarySaves.org. For more information about the Military Saves Designation of Excellence visit here.
About Air Force Federal Credit Union (AFFCU)
Established in 1952 by 10 airmen on JBSA-Lackland, AFFCU has grown to serve the diverse needs of almost 55,000 members with a full array of financial services, seven financial center locations, and the strength of more than $670 million in assets. As a member-owned and not-for-profit organization based in San Antonio, AFFCU is passionate about assisting the communities it serves through volunteer work, scholarships, and sponsorships. AFFCU is federally insured by NCUA and an equal opportunity lender. For more information about AFFCU, visit goaffcu.com.
About Military Saves
Military Saves is an initiative of America Saves, 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 the military community to save money, reduce debt, and start building wealth. Military Saves encourages individuals and families to take the Military Saves pledge and organizations to promote savings year-round and during Military Saves Month. Learn more at MilitarySaves.org.
