Pen Air Federal Credit Union partners with Fleet & Family Support Center for Military Saves Week
PENSACOLA, FL (February 2, 2016) — As part of Military Saves Week 2016, scheduled for 22 February – 26, both NAS Pensacola and NAS Whiting, Fleet and Family Support Centers and Pen Air Federal Credit Union are spreading the savings message, and urging our military personnel and their families to participate in Military Saves Week and take the Military Saves pledge . During the official week, free Military Saves events designed to help people build wealth will be scheduled through the Fleet & Family Support Center at each military installation.
The 2016 Military Saves Week theme is simply, Set a Goal, Make a Plan, and Save Automatically. “We want our military personnel ready for action and not worry about home finances, and this program helps offer the financial education needed to accomplish their mission,” explains Joe Henderson, SR CIV Fleet & Family Support Center PFM.
The concept seems easy enough, but “50% of service members say they have too much debt,” as quoted from FINRA Investor Foundation Financial Capability Military Survey. Financial readiness contributes to unit readiness: if service members and their families are feeling financially stressed, it can affect every aspect of their lives. This is why the savings message is so important.
To help service members save more successfully and encourage them to save, Fleet and Family Support is partnering with Pen Air Federal Credit Union to offer military families (and DoD civilian employees) assistance. Information for the program can be obtained online at www.militarysaves.org or at www.penair.org. Military Saves information brochures are available at any Pen Air FCU office. “Pen Air is always ready to assist and offer financial solutions,” said Patty Veal, Director of Public Relations for Pen Air Federal Credit Union.
Military Saves is a free and confidential savings oriented program. Easy tools such as direct deposit can make saving possible on most budgets. One-on-one financial counseling and information are available at Fleet & Family Support.
About Pen Air Federal Credit Union
At Pen Air Federal Credit Union, respect is a guiding principle. As the largest and oldest credit union headquartered in Pensacola, Florida, with $2.3 billion in assets, Pen Air is dedicated to enhancing lives through exceptional service, strength, and financial solutions. With 11 locations in Northwest Florida and Southeast Alabama combined with online and mobile banking, we provide worldwide reach. Pen Air is a not-for-profit, member-owned financial institution, serving the community and improving lives since 1936. For more information, visit penair.org.