MEDIA CONTACTS:
Benjamin Moss
bmoss@consumerfed.org
Nicholas Rubando
nrubando@consumerfed.org
AMERICA SAVES RECOGNIZES 17 FINANCIAL INSTITUTIONS FOR THEIR EFFORTS IN PROMOTING SAVINGS HABITS AMONG LOCAL AND NATIONAL COMMUNITIES
The Designation of Savings Excellence (DOSE) Award Honors Significant Efforts Made by Banks and Credit Unions During America Saves Week
(WASHINGTON, D.C.) July 17, 2024 — America Saves announced today the winners of its annual Designation of Savings Excellence (DOSE) Award, the only national award focused on recognizing financial institutions for their work in helping Americans improve financial stability.
America Saves considered all financial institutions that participated in America Saves Week for the award, paying special attention to the number of customers each institution reported opening new saving accounts and the total amount of money deposited into new and existing saving accounts.
"Congratulations to the financial institutions awarded the 2024 Designation of Saving Excellence for their achievements during America Saves Week 2024! Their commitment to empowering customers and members to save money not only strengthens individual financial security but also contributes significantly to our nation's economic stability, commented Carolyn Pemberton, America Saves Program Manager. “Their leadership sets a commendable example for the financial industry, demonstrating how proactive investments in savings can foster a resilient and prosperous future for all."
“Our financial education efforts have been strengthened by our partnership with America Saves," explained Berenice García Hernández, Financial Education Specialist at Unitus Community Credit Union. "Empowering our communities to save money, reduce debt, and build wealth are just a few of the actions we can take together to build financial resilience. With America Saves, we promote these healthy financial habits to help our community members thrive, no matter where they are on their financial journeys."
Thanks to concentrated efforts from the award winners and the 4,600+ additional organizations who participated in the 2024 efforts to build financial confidence in local and national communities throughout the United States, America Saves saw funds of $353,900,000 deposited into new and existing savings and wealth-building accounts. In addition, 231,000 individuals reported taking financial steps like opening a savings account, automating their savings and increasing their savings amount during the week.
America Saves Week 2025 will be held April 7-11. For updates and information on next year’s events, visit americasavesweek.org.
2024 Designation of Savings Excellence (DOSE) Award Recipients
Banks
Cadence Bank
Farmers & Merchants Bank
Fidelity Bank
First Commonwealth Bank
FNB Bank, Inc.
Securityplus
Simmons Bank
Tennessee State Bank
The Dime Bank
WesBanco Bank, Inc.
Credit Unions
Affinity Federal Credit Union
Appalachian Community Federal Credit Union
Eaton Family Credit Union
Federal Credit Union
New Horizons Credit Union
Tennessee Credit Union League
Unitus Community Credit Union
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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 individuals and families to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week. Since its inception, over 13,000 organizations have participated in America Saves Week to promote savings to their communities. Learn more at americasaves.org.
