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SLCCU Receives America Saves Designation of Savings Excellence for Credit Unions

On Wednesday, May 20, 2015, St. Louis Community Credit Union received the America Saves Designation of Savings Excellence for Credit Unions, a new designation from America Saves that recognizes credit unions that go above and beyond to encourage people to save money during America Saves Week. In 2015, for the first time, America Saves and credit union leaders are recognizing credit unions that do exceptional work to promote savings among their members and communities. 

In conjunction with America Saves Week, St. Louis Community Credit Union participated in St. Louis Saves (a community-focused outreach program with the St. Louis City Treasurer’s office). As part of its involvement, St. Louis Community tracked its financial education and community outreach during the last week of February 2015. The organization opened 230 new accounts through events with its community partners, setting up automatic deposits into savings accounts to help new members achieve their financial goals. Additionally, in partnership with the independent 501(c)(3) entity Prosperity Connection, 86 people were reached at free educational workshops and personalized financial coaching was provided at no cost to six people.

“As part of our overall giveback, we set out every day to create opportunities for the low-to-moderate income community to thrive economically,” says Dorothy Bell, SVP & Chief Marketing Officer for St. Louis Community Credit Union. “Building wealth through a savings account is a great way to start.”

St. Louis Community and other recipients of the Designation were recognized at the America Saves National Savings Forum, receiving a Designation of Savings Excellence seal for their website.

“For years, banks and credit unions have participated in America Saves Week by offering incentives to encourage individuals to save money and build wealth,” says Nancy Register, National Director of America Saves. “This year, America Saves is excited to recognize credit unions that went above and beyond to encourage individuals to save with the new America Saves Designation of Excellence.”

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 recognized 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 2015. For more information about the America Saves Designation of Excellence for Credit Unions, please visit this website.