WASHINGTON, May 24, 2016 /PRNewswire-USNewswire/ -- Today, Navy Federal Credit Union received the America Saves Designation of Savings Excellence for Credit Unions, a designation from America Saves that recognizes credit unions that go above and beyond to encourage people to save money during America Saves Week. America Saves and credit union leaders are recognizing credit unions that do exceptional work to promote savings among their members and communities.
"We are committed to providing tools to help our members meet their financial goals through every phase of life," said Arthur Moshos, AVP of certificate/IRA operations and deposit pricing at Navy Federal. "Developing smart saving habits is one of the best things someone can do to ensure a strong financial future."
Navy Federal, along with the other recipients of the Designation, was recognized at the America Saves National Savings Forum and received a Designation of Savings Excellence seal for their website. "For years, banks and credit unions have participated in America Saves Week by offering products and services that encourage individuals to save money and build wealth," said Nancy Register, National Director of America Saves. "America Saves launched the America Saves Designation of Savings Excellence in 2015 that recognizes credit unions that go above and beyond to promote and support saving during America Saves Week. This year we are proud to recognize and announce the second group of credit unions that achieved this designation."
America Saves Week is an annual opportunity for credit unions to encourage individuals to save money – with an emphasis on reaching low- to moderate-income families. America Saves is recognizing exceptional credit unions that succeed in promoting savings or other wealth building accounts and have high levels of accounts opened or added to during America Saves Week 2016. For more information about the America Saves Designation of Excellence for Credit Unions, please visit http://americasavesweek.org/for-organizations/financial-institutions/credit-union-designation-of-excellence-criteria.
Navy Federal Credit Union is the world's largest credit union with more than $74 billion in assets, 6 million members, 282 branches, and a workforce of over 13,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard active duty, civilian and contractor personnel and their families. For additional information about Navy Federal, visit www.navyfederal.org.
America Saves, a campaign managed by the nonprofit Consumer Federation of America, seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. The research-based campaign uses the principles of behavioral economics and social marketing to change behavior. Nonprofit, government, and corporate groups participate in America Saves nationally and through local, regional, and statewide campaigns around the country. America Saves encourages individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Learn more at AmericaSaves.org and AmericaSavesWeek.org.
Contact: Ben Jordan, Navy Federal (703) 206-1591
Katie Bryan, America Saves (202) 387-6121
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/navy-federal-receives-america-saves-designation-of-savings-excellence-for-credit-unions-300274132.html
SOURCE Navy Federal Credit Union