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Arsenal, Electro Savings Receive National Recognition for America Saves Week Efforts

Two Missouri credit unions, Arsenal Credit Union and Electro Savings Credit Union, 

Winner of a Fitbit Charge HR, Kristin Rojawitz (right) is pictured with Beverly Green, Arsenal's NGA branch coordinator.
Clifton Matthews (left) poses with his prize, a Samsung Galaxy tablet, with Michael Harris, Arsenal Credit Union's North County branch manager.

were among 19 credit unions in the country to receive the “Designation of Savings Excellence” on May 18 at a national forum in Washington, D.C. This designation was awarded by the American Savings Education Council (ASEC), a national coalition of public- and private-sector institutions committed to making saving and retirement planning a priority for all Americans Saves.

The designation recognizes credit unions that go above and beyond to encourage people to save money and build wealth during America Saves Week. This year it was February 22-26.

A selection committee comprised of credit unions and America Saves leaders met in early April to review applications and select those to receive recognition.

Nationwide, 153 credit unions participated in America Saves Week this year. Others participating were academic institutions, banks, bloggers, businesses/corporations, cooperative extensions, financial services organizations, for-profit businesses, government agencies, industry associations/trade groups, local America Saves campaigns, media and nonprofits. America Saves Week started in 2007 and is coordinated by America Saves and the American Savings Education Council.

Arsenal Credit Union 

To encourage members ages 18 and older to save money during this special week, Arsenal held drawings for two separate prizes: a Fitbit Charge HR and a Samsung Galaxy tablet. The winners were Kristin Rojawitz and Clifton Matthews, respectively.

During the week, 2,539 members at Arsenal, including the 49 who joined that week, made 3,006 deposits into their credit union accounts totaling $2,053,781.34.

 

Electro Savings Credit Union

LaTonya Jackson (left) receives the America Saves Award of Savings Excellence from
Gigi Hyland at National Savings Forum.

For the second consecutive year, Electro Savings Credit Union received the America Saves Designation of Savings Excellence for Credit Unions. 

“If you find it hard to begin saving, know that creating the habit of saving, is more important than the amount you save,” said LaTonya Jackson, of Electro Savings, as she spoke on the importance of developing a savings plan. To help make the commitment, Ms. Jackson shared a 52-week savings challenge during Electro Savings’ week of planned activities that included presentations, financial literacy sessions, and a social media campaign. 

During the week, Electro Savings collaborated with the St. Louis Regional Unbanked Task Force to promote savings to children in St. Louis Public Schools. Youths were encouraged to discuss and establish savings plans with their families. At Sigel Elementary School, students signed and recited a call and response Savings pledge, led by Ms. Jackson.

Additionally, Electro Savings participated in Gateway EITC’s Voluntary Income Tax Assistance (VITA) program to establish on-site banking at free tax preparation sites, opening both savings and checking accounts to underbanked and unbanked individuals. Other credit union collaborations included Urban Scouts in the Jennings School District, and the Near Southside Employment Coalition.
 

Electro Savings confirmed their commitment with a week-long social media campaign focused on savings. Posts on the credit union’s Twitter and Facebook page included suggestions to develop a savings plan today, not someday.