Securityplus Federal Credit Union selected to receive National Designation of Savings Excellence Award
BALTIMORE, MD (July 18, 2024) — Securityplus Federal Credit Union has earned the 2024 America Saves Designation of Savings Excellence award, an honor explicitly reserved for financial institutions that created measurable impact and displayed exceptional achievement during the annual America Saves Week campaign.
Securityplus is one of eight credit unions and nine banks honored with this distinction out of more than 4600 participating organizations of America Saves Week, which took place April 8 – 12, 2024 as part of Financial Capability Month.
“Congratulations to the financial institutions awarded the 2024 Designation of Saving Excellence for their achievements during America Saves Week 2024! Their commitment to empowering customers and members to save money not only strengthens individual financial security but also contributes significantly to our nation’s economic stability, commented Carolyn Pemberton, America Saves Program Manager. “Their leadership sets a commendable example for the financial industry, demonstrating how proactive investments in savings can foster a resilient and prosperous future for all.”
The work of these financial institutions contributed to an impressive collective impact of the Week. During the one-week timeframe, these financial institutions helped to encourage nearly $354 million worth of deposits into new and existing accounts. Additionally, 231,000 new accounts were opened, and 64,000 individuals increased their automatic saving transfers or deposits into existing savings accounts.
“Our mission is to foster financial stability and prosperity within the community, ensuring that every individual has access to the tools and knowledge needed for their unique financial journey. Partnering with America Saves has truly bolstered our financial education efforts. Together, we’re empowering our communities to save, reduce debt, and build wealth, fostering financial resilience. By promoting these positive financial habits, we will help our community members thrive at every stage of their financial journeys,” said Brian Holloway, Chief Brand & Experience Officer at Securityplus.
About Securityplus Federal Credit Union
Securityplus Federal Credit Union is a not-for-profit financial institution dedicated to serving the community and its members since 1935. With a focus on delivering exceptional service and value, Securityplus Federal Credit Union offers a wide range of financial products and services, striving to empower its members to achieve their financial goals. For more information about Securityplus Federal Credit Union and its services, please visit www.securityplusfcu.org
About America Saves
America Saves is a campaign coordinated by the nonprofit Consumer Federation of America (CFA) and is dedicated to empowering all, particularly those who are financially vulnerable, to build financial confidence through effective saving, debt reduction, and wealth building strategies. Learn more at americasaves.org and americasavesweek.org.
