JACKSONVILLE, Fla. — Jax Federal Credit Union has earned the annual America Saves Designation of Savings Excellence award. The honor is reserved for financial institutions who displayed exceptional achievement during America Saves Week activities.
“The effects of Covid-19 continue to destabilize our nation’s health and financial well-being. Those of us that are equipped to support others during this time are in a unique position to make a huge impact in our communities. The recipients of the Designation of Savings Excellence made extraordinary efforts to encourage and support everyday Americans. Most significantly, by encouraging and motivating individuals to establish automatic savings and set goals around short and long-term savings goals, like saving for emergencies and retirement,” said George Barany, director of America Saves. “The foundation set by the DOSE honorees extends well beyond America Saves Week.”
Jax Federal Credit Union is one of only six credit unions and six banks honored with this distinction — and the only institution based in Florida. Collectively, these financial institutions encouraged over 92,000 individuals to deposit $157,557,265 into new and existing savings accounts during America Saves Week.
This year marks Jax Federal Credit Union’s fourth time earning the Designation of Savings Excellence.
“Throughout this past year, Americans have undergone a significant amount of change. Jax Federal Credit Union is proud to be here for its members and to support their success in setting and reaching financial goals,” said John Servos, President and CEO of Jax Federal Credit Union. “Every day, our associates help members access financial products and tools that work for them, along with resources to set and stick to savings and budgeting plans. Our goal is to not only provide our members with these tools, but to teach them how personal financial health works, as well.”
2021 America Saves Designation of Savings Excellence Recipients
Baylands Family Credit Union
BCU
Jax Federal Credit Union
Mid-Hudson Valley Federal Credit Union
New Horizons Credit Union
Westmark Credit Union
Banks
Bancorp South Bank
FNB Bank
Mechanics Bank
Southern Bancorp Bank
Synchrony
WesBanco