2021 Designation of Savings Excellence Recipients

This award is made annually to those financial institutions that go above and beyond to actively encourage members to save, increase savings, save automatically, and build wealth. Financial institutions play a most pivotal role in motivating and providing a safe and appropriate opportunity to save. Your actions during America Saves Week and beyond provide a positive example of what financial institutions can do to support their customers in building emergency savings and a measure of financial stability.

Twelve awardees made a significant difference in combating the current savings crisis.  All told these financial institutions had 300,192 customers deposit $158.6 million into new and existing savings account during a one-week time frame.  All of these institutions also promoted automatic savings and the need to save for emergencies/unexpected expenses using creative messaging through social media and communications to employees.

Your 2021 Designation of Savings Excellence winners are:

BANK WINNERS:

• BancorpSouth Bank
• FNB Bank
• Mechanics Bank
• Southern Bancorp Bank 
• Synchrony
• West Banco 

CREDIT UNION WINNERS:

• Baylands Credit Union
• North East Welch Family Credit Union
• JAX Federal Credit Union
• Mid-Hudson Valley Federal Credit Union
• New Horizons Credit Union
• Westmark Credit Union