New Horizons Credit Union earns Designation of Savings Excellence Award
MOBILE, AL (May 6, 2022) — America Saves, a nonprofit initiative of the Consumer Federation of America, has named organizations as recipients of the 2022 America Saves Designation of Savings Excellence Award including New Horizons Credit Union for the fifth consecutive year. This is an annual, industry-respected award recognizing organizations across the nation who participated in this year’s America Saves Week and have effectively and actively promoted saving strategies during America Saves Week.
The America Saves’ Designation of Savings Excellence is awarded to financial institutions that display exceptional achievement by motivating individuals to become more financially stable. During the campaign, New Horizons Credit Union went above and beyond with educating members about Direct Deposit, New Start Checking, GreenPath Financial Wellness, and Horizons Heroes Accounts.
“We’re at a crucial time in our country where it’s getting difficult to meet your daily basic needs, especially for low-to-moderate income earners,” said Kia McCallister-Young, Director of America Saves. “With inflation and the housing crisis, the time is now to prioritize building financial confidence and increasing financial stability for everyone. There is no one-sized approach to this, as every one’s financial situation is unique. That’s why it’s so important to have trusted resources and a coalition of organizations who are committed to supporting, engaging, and encouraging everyday Americans to take control of their financial well-being. We are proud to shine a spotlight on the incredible work the 2022 America Saves Savings Champions are doing to help build financial stability in both their communities and on the national level.”
“New Horizons Credit Union’s mission includes financial education, So, it is only natural for us to offer free credit building and saving resources,” said Edith Franklin – President/CEO of New Horizons Credit Union. “We are especially honored to receive the Designation of Savings Excellence award.”
America Saves Week is an annual event that inspires Americans to make a simple savings action plan that starts or increases their savings. The event is coordinated by America Saves, with input and support from many organizations that include financial institutions, government agencies, local government, nonprofit organizations, academia, and more.
About New Horizons Credit Union
Established in 1950, New Horizons Credit Union is a not-for-profit financial cooperative governed by a member-elect, volunteer Board of Directors and is the largest locally based Credit Union in Mobile, AL serving members worldwide through a variety of electronic services. New Horizons Credit Union is federally insured by the NCUA and is an Equal Housing Lender offering solutions for the real world. For details on services and membership, call (251) 316-3240 or at NewHCU.org.
About America Saves
America Saves is 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 low- to moderate-income households to save money, reduce debt, and build wealth. America Saves encourages individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Learn more at americasaves.org and americasavesweek.org.
