News : DCUC Press Releases

DCUC Honored as a Savings Champion by Military Saves

Monday, July 20, 2020  
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Washington, D.C: DCUC is pleased to receive the annual Military Saves Savings Champion award from Military Saves. This honor is reserved for organizations who directly serve the military community and exhibit outstanding efforts in motivating their communities to build wealth and reduce debt.

“The COVID-19 pandemic is an unfortunate situation that is currently impacting military families and their finances. The timing of Military Saves Month has helped to spearhead the conversation around saving during a national crisis and help service members and their families take action toward their savings plan,” said Angela Caban, Military Saves Director. “The installations, organizations, and supporters awarded went above and beyond to encourage and support the military community to save.”

“The designees awarded all pivoted to promote a fully digital campaign in response to the COVID-19 pandemic,” she continued. “These organizations don’t just tell people why it’s important to save, they help them do it. They all play an important role in Military Saves Month encouraging all military families to take financial action during the month. These organizations excelled in their use of social media platforms and podcasts as well as email communications.”

Military Saves Month, held in April, is an annual opportunity for the entire military community to assess their savings status and make a plan to start or increase saving, and for organizations to support good savings behavior.

“DCUC is proud to support Military Saves throughout the year, especially during Military Saves Month. These extraordinary times make it more important than ever for DCUC and defense credit unions to support our military community in setting and reaching their savings goals,” stated Anthony Hernandez, DCUC President and CEO.

Six defense credit unions received the Military Saves Designation of Savings Excellence: Air Force Federal Credit Union, Freedom Federal Credit Union, Navy Federal Credit Union, New Horizons Credit Union, PenFed Credit Union, and Travis Credit Union. These credit unions have gone above and beyond to serve their military members during this time. DCUC will be recognizing their achievement during an online ceremony on August 13, 2020.

For more information about the Military Saves Program, visit militarysaves.org For more information about the Military Saves Month click here .

About Military Saves
Military Saves is an initiative of America Saves , a campaign managed by the nonprofit Consumer Federation of America that uses the principles of behavioral economics and social marketing to motivate, encourage, and support the military community to save money, reduce debt, and start building wealth. Military Saves encourages individuals and families to take the Military Saves pledge and organizations to promote savings year-round and during Military Saves Month. Learn more at Militarysaves.org

The Defense Credit Union Council is a trade association representing the interests of federal and state-chartered credit unions serving our military around the globe. By maintaining a close and constant liaison with the Pentagon, the Council supports its member credit unions and the Department of Defense (DOD) in coordinating policy, procedures, and legislation impacting morale and welfare, financial readiness, and the delivery of quality financial products and services to DOD personnel and their families. Organized in 1963, the Council’s membership is comprised of 180 credit unions with over 25 million members. If you would like more information about this topic, please contact Charlotte Randall at alert@dcuc.org.


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