Ludlow, MA, May 12, 2016 – LUSO Federal Credit Union (www.LusoFederal.com), a member-owned not-for-profit financial cooperative, will be receiving the America Saves Designation of Savings Excellence for Credit Unions on May 18, 2016. The recognition will be given to the credit unions that went above and beyond during the most recent America Saves Week.
“The designation is a point of pride for LUSO since it shows how everyone put their best foot forward to help Members,” remarks Jennifer Calheno, CEO and president of LUSO Federal Credit Union. “This achievement is for LUSO as a whole and is not given to any individual branch. That means this was truly an all-hands triumph.”
The Designation of Savings Excellence is given to credit unions based on the number of new accounts acquired and how much savings grew during America Saves Week. Candidates are then reviewed by a selection committee for the final awards.
LUSO Federal Credit Union, along with the other recipients of the Designation, will receive recognition at the America Saves National Savings Forum and will also be given a Designation of Savings Excellence seal for their web site.
“We really tried to get our community involved during America Saves Week, especially through our ‘saving selfies’ campaign, which was run in the lead up to America Saves Week,” says Calheno. “By encouraging Members to take pictures of themselves and their savings goal, the idea was to help get people thinking about their finances and starting conversation in advance.”
America Saves Week is a research-based campaign run by the nonprofit Consumer Federation of America and seeks to motivate, encourage, and support low-to-moderate income households in efforts to save, reduce debt, and otherwise build up personal wealth. The Designation of Savings Excellence is a recent addition to the campaign and was added in 2015.
The designation will be given out on May 18th at the annual America Saves National Savings Forum.
LUSO Federal Credit Union is a member-owned, not-for-profit financial cooperative dedicated to providing its members with quality financial services and products. LUSO prides itself on serving the financial needs of those who live, work, worship, do business, or attend school throughout Hampden County, Massachusetts, regardless of economic status. More information about LUSO Federal Credit Union and its services can be found on the credit union’s web site at www.LusoFederal.com.