ALEXANDRIA, Va. (2/17/12)--National Credit Union Administration (NCUA) Chairman Debbie Matz Thursday encouraged credit unions to participate in next week's national savings campaign, America Saves/Military Saves Week.
America Saves/Military Saves Week begins on Sunday.
The motto for the 2012 program is: ""Set Goals, Make a Plan, Save Automatically."
Matz said the week gives credit unions new opportunities to kick-start their savings promotions and financial education programs. "By promoting automatic savings, credit unions can help their members buy homes, purchase cars, go to college, enjoy secure retirements and set money aside for emergencies," she added. Matz noted that savings at the nation's 7,179 federally insured credit unions jumped by $32.8 billion during the first nine months of 2011.
The NCUA said that credit unions can partner with local America Saves campaigns to offer a number of resources, including motivational workshops, posters and brochures.
America Saves Week is coordinated by the nonprofit Consumer Federation of America (CFA) in partnership with the American Savings Education Council.
Military saves week aims to persuade, motivate, and encourage military families to save money every month, and to convince leaders and organizations to be aggressive in promoting automatic savings.
For the NCUA release and more information on the America Saves and the Military Saves programs, use the resource link.