MOBILE, Ala.–New Horizons Credit Union has earned the 2024 America Saves Designation of Savings Excellence award, an honor reserved for financial institutions that created measurable impact and exceptional achievement during the annual America Saves Week campaign.
New Horizons Credit Union is one of nine banks and eight credit unions honored with this distinction out of more than 4,600 participating organizations of America Saves Week.
"Congratulations to the financial institutions awarded the 2024 Designation of Saving Excellence during America Saves Week 2024! Their commitment to empowering customers and members to save money strengthens individual financial security and contributes significantly to our nation's economic stability,” Carolyn Pemberton, America Saves program manager, said in a statement.
Participating financial institutions helped to encourage nearly $354 million worth of deposits into new and existing accounts. Additionally, 231,000 new accounts were opened, and 64,000 individuals increased their automatic saving transfers or deposits into existing savings accounts.
“We are honored to once again be a recipient of this award and are proud to know that our efforts in financial education are helpful for our members and our community,” NHCU President/CEO Edith Franklin said in a statement.