Visit the America and Military Saves Week Digital Toolkits for materials and resources to help encourage people to take financial action and spread the word about the importance of saving automatically.
Financial Action and Raise Awareness
America Saves and Military Saves Week is an annual opportunity for credit unions to talk to their members about the importance of good savings behavior, as well as a chance for members and their families to assess their own saving status.
These national campaigns, managed by the Consumer Federation of America, unite government, nonprofit and corporate groups to encourage individuals and families to set a goal, make a plan and save automatically. To raise awareness, credit unions can partner with their local America Saves and Military Saves campaign, or use existing partnerships with schools, colleges and other community groups to offer financial workshops or financial literacy materials to consumers.
Other ways credit unions can participate include:
- Encouraging members to Take the Pledge at AmericaSaves.org or MilitarySaves.org
- Offering incentives for automatic deposits into a savings account, or for opening a retirement account
- Providing free financial counseling services, or hosting a community event to attract eligible members
- Reminding members of the credit union difference and member-focused approach to financial services
- Featuring information about America Saves and Military Saves at branch locations, on the credit union’s website, or linking to MyCreditUnion.gov.
DID YOU KNOW? Credit Unions can apply for the America Saves Designation of Excellence for Credit Unions (opens new window). This is a corporate designation and should be considered as representing the entire footprint of the credit union, not individual branch efforts. A selection committee comprised of credit union and America Saves leaders will meet in Spring 2018 to review applications and select those to receive recognition. The application for the America Saves Designation of Savings Excellence for credit unions will be available March 5 and due April 6.
Encourage Automatic Savings
Setting a Goal
Encourage individuals to take the America Saves Pledge (opens new window)
Making a Plan
Host an event or workshop (opens new window)
Work with at-work members, customers, or employee groups (opens new window)
Setting Up Automatic Savings
Promote the products you offer to help your members or customers save automatically (opens new window)
Encourage employees to use split deposit in to savings and retirement accounts (opens new window)
Credit unions may voluntarily submit how they plan to participate in America and Military Saves Week by sending the Office of Consumer Financial Protection email with details at OCFPmail@ncua.gov.
Resources for Credit Unions
NCUA Consumer Report Videos
Other Tools and Resources