MOBILE, Ala.–New Horizons Credit Union has earned the Military Saves Designation of Savings Excellence award for efforts in financial education stressing the importance of saving during National Military Saves Week.
The honor is reserved for financial institutions that succeed in getting people to open or add to wealth-building accounts and take the pledge to save.
“The economy and world affairs are an unfortunate situation that is currently impacting military families and their finances,” NHCU said. “Military Saves Week has helped to spearhead the conversation around the importance of saving and encourages service members and their families take action toward their savings plan.”
Military Saves Week is an annual opportunity for the military community to assess their savings status and make a plan to start or increase saving, and for organizations like New Horizons Credit Union to support good savings behavior.
“New Horizons Credit Union is honored to, once again, receive this recognition. Our Credit Union serves a community which has a large Coast Guard presence as well as other armed services to whom we are truly grateful. We are proud to support National Military Saves Week and advocate financial literacy and saving,” said President/CEO Edith Franklin.
To further the savings initiative, New Horizons Credit Union said it partners with GreenPath Financial Wellness to offer free budgeting resources, webinars, and debt management tools designed to develop savings goals and build credit.