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MECU Recognized by National Campaign

June 05, 2017
 
Baltimore, MD (June 5, 2017) — MECU of Baltimore was recognized today with the 2017 America Saves Designation of Savings Excellence for its extraordinary efforts during America Saves Week/Military Saves Week to encourage customers to save money. The award is presented each year to financial institutions that succeed in getting people to open and add to wealth-building accounts.
 
“This was our most competitive year so far, with institutions engaging in creative ways and offering savings incentives,” said Allie Vered, America Saves Director. “A lot of people don’t believe they can find the money to save. But saving is not an amount, it’s an activity. Convincing consumers to pay themselves first, to hang on to dollars instead of spending, and to take a pledge to achieve a goal go a long way towards helping them develop savings habits. We recognize MECU for its efforts to educate and inspire.”
 
Just two in five American households report making good or excellent savings progress. America Saves Week is an annual opportunity for people to assess their savings status and make a plan to start or increase saving, and for organizations like banks or credit unions to support good savings behavior. America Saves Week is coordinated each year by America Saves and the American Savings Education Council.  
 
MECU was one of 16 banks and 16 credit unions recognized nationally.

 
2017 America Saves Designation of Savings Excellence Recipients:
  • Air Force Federal Credit Union
  • Andrews Federal Credit Union
  • Armed Forces Bank
  • BancorpSouth Bank
  • Dean Bank
  • District Government Employees Federal Credit Union
  • Dover Federal Credit Union
  • Eglin Federal Credit Union
  • Farmers Savings Bank
  • First Arkansas Bank & Trust
  • First Federal Savings and Loan Association of Port Angeles, WA
  • FNB Community Bank
  • Fort Hood National Bank
  • Guadalupe Credit Union
  • Hanscom Federal Credit Union
  • Home Federal Bank
  • Jax Federal Credit Union
  • Keys Federal Credit Union
  • LUSO Federal Credit Union
  • M&T Bank Corporation
  • Mechanics Bank
  • MECU of Baltimore
  • Navy Federal Credit Union
  • Pacific Marine Credit Union
  • Peninsula Federal Credit Union
  • Pioneer Valley Credit Union
  • Quontic Bank
  • R.I.A. Federal Credit Union
  • SmartyPig by Sallie Mae Bank
  • Southern Bancorp
  • Torrington Savings Bank
  • WesBanco Bank, Inc.
 
2017 Honorable Mentions:
  • Broadway Bank
  • Freedom Federal Credit Union
  • FreeStar Financial Credit Union
  • Frontier Community Credit Union
  • Heritage Bank & Trust
  • NSWC Federal Credit Union
  • Security Service Federal Credit Union
  • TS Bank

MECU encouraged Baltimore residents to save during America Saves Week by promoting an online savings pledge and offering guidance to residents looking to create a savings plan. Members could review savings tips posted on MECU’s Facebook and Twitter pages, open a savings account and setup automatic, recurring transfers into the account. Visitors to MECU branches were also invited to participate in the #PledgetoSave photo challenge and learn more about savings options.
  
“America Saves Week was a great opportunity for MECU to raise awareness about the importance of creating a savings goal and making a plan to achieve that goal,” said John Hamilton, MECU President and CEO. “When it comes to saving, MECU is focused on helping our members start early and make savings automatic. Our employees and members really enjoyed participating in the weeklong event and we look forward to next year.”
 
For more information about the America Saves Designation of Excellence visit:
Bank Designation: http://americasavesweek.org/america-saves-designation-of-excellence-for-banks-criteria/
 
Credit Union Designation: http://americasavesweek.org/america-saves-designation-of-excellence-for-credit-unions/
 
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About MECU
Established in 1936, MECU is Baltimore City's largest credit union, with assets of approximately $1.2 billion. MECU has 9 branches throughout the Baltimore area and offers a full range of financial products and services. The credit union also provides access to over 30,000 free ATMs and 5,000 shared branches nationwide through the CO-OP network. For more than 36 years, MECU has distinguished itself in the Baltimore community by returning more than $80 million in profits to its members as part of a cash bonus program that rewards members for choosing MECU.
 
About America Saves
America Saves is a campaign managed by the nonprofit Consumer Federation of America that uses the principles of behavioral economics and social marketing to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth. America Saves encourages

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