Baylands Family Credit Union Receives 2023 Designation of Savings Excellence Award from America Saves

CONTACT:
Fred Hayes
Business Development Representative
804-843-2520

The Award Recognizes Banks and Credit Unions for Their Extraordinary Efforts to Increase Financial Stability During the Annual America Saves Week

(West Point, Virginia)  JUNE 8, 2023 -Today, America Saves announced Baylands Family Credit Union as a recipient of the 2023 Designation of Savings Excellence Award (DOSE), the only national award focused on recognizing financial institutions for their work in helping Americans improve financial stability.

The coveted honor highlights banks and credit unions that made an extraordinary effort to promote positive saving behaviors in their community during the annual America Saves Week campaign. Baylands Family Credit Union was one of only 15 recipients to be honored this year out of more than 3,900 organizations who participated in America Saves Week in 2023, which took place February 27 - March 3.

"America Saves has the distinct honor of working with financial institutions that actually care about their customers and members," said Kia McCallister-Young, Director of America Saves. "That has always been a stand-out point to me, that the organizations that participate in America Saves Week go the extra mile; there's no requirement to be a part of this campaign, they're here because they WANT to be and they believe in the message of helping their employees, constituents, and community be more financially confident. We're thrilled to be able to honor these banks and credit unions and highlight their hard work."

America Saves Week is a time-honored, national event bringing together thousands of organizations across multiple sectors to transform the lives of Americans by encouraging them to save successfully.

Baylands Family Credit Union alongside other participating financial institutions helped reach nearly nine million people and during the weeklong event, individuals deposited more than $788 million into new or existing savings accounts.

"Saving money is incredibly important. It can provide peace of mind in times of emergency or hardship, and expands your options when making major life decisions," says Baylands Family Credit Union President/CEO, Teresa Millis. "We believe in helping families live better lives and we are excited to partner with America Saves in order to bring continued awareness to the communities we serve and to help provide tools and resources so our families can achieve their financial goals."

To learn more about America Saves and view DOSE Award recipients, visit www.americasaves.org

About Baylands Family Credit Union

Baylands Family Credit Union, based in West Point, Virginia was founded in 1946 and remains committed to providing outstanding service to its members. The credit union currently operates three branch locations and is part of the Co-Op Financial Services Network of credit unions. Membership is open to individuals who live, work, worship or attend school in the following (9) counties: Chesterfield, James City, New Kent, King William, King & Queen, Middlesex, Essex, Gloucester and Mathews. Additionally, immediate family members of existing members also qualify.

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 12,000 organizations have participated in America Saves Week to promote savings to their communities. Learn more at americasaves.org