MADISON, Wis. (2/24/12)--As the national campaign America Saves Week winds down Sunday, credit unions are among those educating consumers about the importance of saving. A credit union in New Jersey is just one example.
America Saves Week, which began last Sunday, is dedicated to providing information, advice and encouragement through this year's motto: "Set Goals, Make a Plan, Save Automatically."
In Tinton Falls, N.J., United Teletech Financial (UTF) FCU joined in the efforts of the nationwide campaign through its state extension, called New Jersey Saves Week, according to the New Jersey Credit Union League (The Daily Exchange Feb. 21).
UTF FCU says the goals of the campaign coincide with its mission to help people prosper. "We are here to help our members achieve financial security," said Leo R. Ardine, president/CEO of UTF. "Whether it's through affordable loans or working toward building savings for whatever their wants or needs are, we can provide the help, information and support to reach those goals," he told the league.
"We want to be a resource for not only our members, but to our community. Getting on the right path to financial security can be a daunting task, which is why we're here to help lead the way," Ardine said. He pointed out the credit union had a "highly qualified team of financial coaches available" to work with members on their individual savings plan.
America Saves Week is coordinated by Consumer Federation of America in partnership with the American Savings Education Council and America Saves. Other efforts during the week include Military Saves Week for members of the military and their families, and Hispanic Saves Week as well as state level efforts.
On Feb. 16, National Credit Union Administration Chairman Debbie Matz encouraged credit unions to participate in the America Saves Week/Military Saves Week activities, saying that the week gives credit unions new opportunities to kick-start their savings promotions and financial education programs. The Credit Union National Association (CUNA) supports the goals of the week, and America Saves Week was one of the topics discussed on CUNA's Home and Family Finance Radio Feb. 19 broadcast.