WASHINGTON (2/25/13)--Credit unions are significant participants of America Saves Week and Military Saves Week, national educational campaigns that began Sunday and continue through Saturday with the theme "Set a Goal, Make a Plan, Save Automatically."
The Credit Union National Association is among the associations encouraging credit unions to educate families about the importance of saving and of taking steps to build their personal wealth.
"We are proud to support America Saves/Military Saves Week. Encouraging thrift and wise financial behavior is an essential part of credit unions' makeup," said CUNA President Bill Cheney.
The campaigns unite government, nonprofit and corporate groups in the effort. America Saves lists 87 credit unions as official participants. Official participants also include the National Credit Union Administration and the Defense Credit Union Council. Many other credit unions and organizations are participating in local savings efforts.
For Military Saves, 46 defense-related credit unions are participating, with many having multiple branches involved, according the Military Saves website. For example, the largest credit union has 231 locations around the world participating.
CUNA has supported the campaign by educating credit unions and the public about the effort. Most recently, CUNA featured Military Saves Week on its weekly Home & Family Finance Radio Show, which aired yesterday. Sunday's show included a segment with Andia Dinesen, manager of the Department of Defense's Financial Readiness Campaign's Military Saves, Washington, D.C., who discussed using social media to encourage military families to save money automatically every month.
Sunday's program also included segments about living beyond one's means with Grant Cardone, New York Times best-selling author and host of "Turnaround King," and saving wisely, spending happily, with Sharon Lechter, a certified public accountant and financial literacy spokesperson for the American Institute of CPAs.
Home & Family Finance Radio provides consumers information and advice about money management each week. The show is carried in 63 U.S. markets and is beamed to U.S. military bases worldwide via the American Forces Radio Network.
America Saves Week is coordinated by America Saves and the American Savings Education Council. Military Saves is part of the Defense Department's Financial Readiness Campaign and has been a partner with the department since 2003.