MECU joins national effort to promote savings, improve financial futures in Baltimore community
BALTIMORE, MD (February 27, 2019) — As part of America Saves Week 2019, running from February 25 to March 2, MECU is spreading the saving message and urging its members to make savings automatic.
America Saves Week is a national effort to motivate, encourage, and support low-to-moderate income households to save money, reduce debt, and build wealth. MECU is using this opportunity to encourage and assist members in improving their financial futures through its Save Your Way campaign, offering increased savings, easier money management, and a chance to win $1,000 with the Save Your Way Sweepstakes.
“We cannot stress enough the importance of setting a savings goal and making a plan to achieve that goal,” said John Hamilton, MECU President & CEO. “America Saves Week is a great opportunity to help our community members set a goal, create a plan, and make saving an automatic part of their daily lives.”
As Baltimore City’s largest credit union, MECU is committed to helping its members achieve a better financial future. Through its Save Your Way campaign, MECU is providing special savings offers to members through March 31 on select CD and money market accounts.
For an extra savings boost, members who deposit $25 or more into a qualifying account will be automatically entered into the company’s 2019 Save Your Way Sweepstakes. One winner will be randomly selected to win $100 each month during the promotion, and one grand prize winner will be randomly selected to win $1,000 after the conclusion of the promotion on March 31.
America Saves Week is an annual opportunity for people to assess their savings status and make a plan to start or increase savings. In addition to posting tips on its website and social media, MECU is encouraging people to take the Savings Pledge. To take the America Saves Pledge, visit www.AmericaSaves.org/For-Savers/Pledge.
Established in 1936, MECU is Baltimore City’s largest credit union, with assets of approximately $1.2 billion. MECU has nine branches throughout the Baltimore area and offers a full range of financial products and services. The credit union also provides access to over 30,000 free ATMs and 5,000 shared branches nationwide through the CO-OP network. For 37 years straight, MECU has distinguished itself in the Baltimore community by returning more than $90 million in profits to its members as part of a cash bonus program that rewards members for choosing MECU. Membership with MECU is open to anyone who lives, works, worships or attends school in Baltimore City. Learn more at www.mecu.com.
About America Saves
America Saves seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. The research-based campaign uses the principles of behavioral economics and social marketing to change behavior. Non‐profit, government, and corporate groups participate in America Saves nationally and through local, regional, and statewide campaigns around the country. America Saves encourages individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Overall management for the campaign is provided by the non-profit Consumer Federation of America (CFA). CFA is comprised of over 270 consumer education, advocacy, and cooperative organizations dedicated to advancing the consumer interest.