America Saves Week encourages smart financial management

America Saves Week, which is running from Feb. 24–29, is an annual “call to action” to encourage Americans to reexamine their financial lives and saving behaviors and to commit to make a plan to achieve better financial stability.

It’s evident that America is in a Savings Crisis, and statistics show 40% percent of Americans don’t have access to even $400 cash in the case of an emergency. Additionally, the average debt in collections is just under $400 – so it’s easy to imagine the impact of more Americans having a $500 emergency fund.

“This week offers an excellent opportunity to encourage your credit union members to save for a crisis,” said Juli Lewis, director of the Southeastern Credit Union Foundation. “Many find it difficult these days to even make ends meet, so we understand the struggle they face. By discussing America Saves week with members, it opens the door to offer to help them with a financial plan or suggestions to make their dollars go further.”

Helping people afford life is what we do as credit unions. See this video from America Saves.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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