First United Invites The Community To Sign A Pledge To Save During "America Saves Week"

Many Americans lack sufficient funds to pay for the unexpected

Feb 24, 2016, 12:34 ET from First United

DURANT, Okla., Feb. 24, 2016 /PRNewswire/ -- First United is celebrating "America Saves Week" Feb. 22-27, and inviting customers to sign their name to a pledge card to make a commitment to save. The pledge cards will be displayed in the community bank's lobby. To support their commitment, First United offers resources through its Spend Life Wisely® initiative and will provide savers with a budgeting chart for building a realistic plan for reaching their goals.

An emergency savings fund of three to six month's income is recommended as a reserve for a job loss, healthcare expense, home or car repair, or other major unexpected expenses, but statistics from the Pew Charitable Trust revealed that many Americans are living dangerously close to a financial crisis:

  • One in three American families have no savings.
  • Six in ten households reported experiencing a financial shock in the previous year.
  • The typical household spent $2,000 or half of a month of income on its most expensive unexpected financial shock.
  • Many would go into debt to pay for a financial shock with 49 percent using credit to pay for a financial shock and 36 percent borrowing money from another person.

"One of the greatest ways to promote financial well-being in our lives is savings. Whether it's a family vacation or broken down car, we want everyone to have a cushion for life's joys and challenges. The reward of peace of mind is priceless," said Greg Massey, CEO of First United.  

Financial well-being is one of First United's four pillars for Spend Life Wisely, a program designed to empower others to reach their fullest potential. Other pillars include wellness, personal development and faith. Learn more at and

Established in 1900, First United has more than 35 community banks throughout North Texas and Oklahoma. It is one of the largest, well-capitalized banking organizations in the Southwest with assets of more than $3 billion, and it is among the largest privately held community banking organizations in the U.S. First United provides a full range of financial services including banking, mortgage, insurance, and wealth management products and services, and is dedicated to helping customers Spend Life Wisely®. Learn more at

Media Contact:
Jacy Cochran
(214) 728-5012   

Justin Sanderson
(972) 569-2321

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SOURCE First United