BALTIMORE– Securityplus Federal Credit Union has earned the 2024 America Saves Designation of Savings Excellence award, which is reserved for financial institutions that created measurable impact and displayed exceptional achievement during the annual America Saves Week campaign.
Securityplus FCU said is is one of eight credit unions and nine banks honored with the distinction out of more than 4,600 participating organizations of America Saves Week.
"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,” said 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 organization said 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,” said said Brian Holloway, chief brand & experience officer at Securityplus. “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.”