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COMMUNITY RESOURCE Awarded for Encouraging the Military and Veteran Community to Save



June 2, 2021 (Latham, NY): Military Saves announced today that Community Resource Federal Credit Union was one of three banks and eight credit unions to have been awarded the Military Saves Designation of Savings Excellence for their extraordinary efforts to motivate the military and veteran communities to save effectively to reduce debt and build wealth during Military Saves Month 2021. Now in its eighth year, the award is presented annually to financial institutions that succeed in getting people to open or add to wealth-building accounts.

Seventeen military installations/units and supporters were also recognized with the Military Saves Savings Champion award for their outstanding efforts in motivating their communities to achieve financial stability.

“Military Saves Month has helped service members and their families take action toward their saving plan by taking the Military Saves Pledge,” said Angela Caban, Military Saves Director. “We led the conversation on topics such as saving automatically, reducing debt, establishing an emergency fund, planning for retirement, and saving as a family. The installations, organizations, financial institutions, and supporters awarded went above and beyond to encourage and support the military community to save.”

Military Saves Month, held in April, is an annual opportunity for the entire military community to assess their savings status and plan to start or increase saving, and for organizations to support good saving behavior.

For more information about the Military Saves program, visit militarysaves.org.

About Community Resource Federal Credit Union

Community Resource Federal Credit Union’s (CRFCU’s) mission is to improve the lives of our members and community by providing access to affordable, reliable and solution based financial services. CRFCU is a community-chartered credit union.  Anyone who lives, works, worships, or attends school in Albany, Rensselaer, Saratoga, or Schenectady County may become a member. Immediate family members are also eligible for membership.  For more information on membership or services call 518-783-2211 or visit www.communityresourcefcu.com.

About Military Saves

Military Saves is coordinated by the nonprofit Consumer Federation of America and is an initiative of America Saves. The program is a participant in the Department of Defense’s Financial Readiness Network. Military Saves is a research-based campaign that uses the principles of social marketing and behavioral economics to motivate, support, and encourage the entire military community, including veterans, to save money and build wealth by taking the Military Saves Pledge. Military Saves also works with government agencies, defense credit unions, military banks, and nonprofit organizations to promote savings and debt reduction. For more, please visit MilitarySaves.org.

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