Democracy Federal Credit Union receives America Saves Designation of Savings Excellence for Credit Unions
ALEXANDRIA, VA (June 9, 2016) — On Wednesday, May 18, 2016, Democracy Federal Credit Union received the America Saves Designation of Savings Excellence for Credit Unions which acknowledges credit unions that reach new heights to encourage people to save money during America Saves Week. America Saves recognized credit unions that do exceptional work to promote savings among their members and communities.
Democracy FCU was one out of nineteen credit unions selected nationally and recognized for exceeding expectations in educating members about life expenses, budgeting and saving techniques. Democracy FCU educational materials were delivered throughout the week using multiple channels including one-on-one financial counseling sessions, informative educational workshops, emails and social media. “Educating members on ways to save, reduce debt and build wealth is what we strive for all of our members. Supporting and rallying behind the America Saves Week was a perfect fit for us,” said Kathy Geary, President/CEO.
Democracy Federal Credit Union, along with the other recipients of the Designation, were recognized at the America Saves National Savings Forum and received a Designation of Savings Excellence seal for their website. “For years, banks and credit unions have participated in America Saves Week by offering products and services that encourage individuals to save money and build wealth,” said Nancy Register, National Director of America Saves. “America Saves launched the America Saves Designation of Savings Excellence in 2015 that recognizes credit unions that go above and beyond to promote and support saving during America Saves Week. This year we are proud to recognize and announce the second group of credit unions that achieved this designation.”
America Saves Week is an annual opportunity for credit unions to encourage individuals to save money – with an emphasis on reaching low- to moderate-income families. America Saves is recognizing exceptional credit unions that succeed in promoting savings or other wealth building accounts and have high levels of accounts opened or added to during America Saves Week 2016. For more information about the America Saves Designation of Excellence for Credit Unions, please visit http://americasavesweek.org/for-organizations/financial-institutions/credit-union-designation-of-excellence-criteria.
About Democracy Federal Credit Union
Democracy Federal Credit Union was founded in 1936 to serve the Social Security Board in Washington, D.C. and their families. Over its history, Democracy FCU has grown to serve members in Washington, D.C., Maryland, Virginia and Pennsylvania. Democracy FCU’s members work for U.S. Government agencies, other major employers, and/or live, work, worship, attend school, or regularly conduct business in the DC Metro area. To learn more about Democracy FCU, visit DemocracyFCU.org. Democracy FCU is Federally Insured by NCUA and an Equal Housing Lender.
