Jax Federal Credit Union, a Jacksonville-based credit union that serves more than 37,500 members across Duval, Clay, Nassau, Baker and St. Johns Counties, announced its enrollment as a participating credit union in America Saves Week (Feb. 24-29, 2020).
America Saves Week is a national campaign coordinated by America Saves and its partners. The campaign started in 2007 and provides an opportunity for organizations to promote good savings behavior, encourage individuals to assess their own savings habits and inspire Americans to commit to saving successfully.
Jax Federal Credit Union will celebrate America Saves Week at all nine of its Northeast Florida branches by waiving the $5 membership fee and depositing $5 to establish a savings account. Existing members will be encouraged to enroll in automatic savings programs designed to help them achieve their individual savings goals. Additionally, the credit union will encourage members to explore products and services linked to daily themes throughout the week, such as:
- Monday, Feb. 24: Save automatically with Money Market accounts
- Tuesday, Feb. 25: Save with a plan by opening a Holiday Savings account
- Wednesday, Feb. 26: Save for the unexpected with You-Name-It savings
- Thursday, Feb. 27: Save to retire by contributing to an IRA
- Friday, Feb. 28: Save by reducing debt with a Visa Balance Transfer
- Saturday, Feb. 29: Save as a family with Teen accounts
According to Bankrate’s January Financial Security Index survey, only four out of every 10 Americans would pay for an unexpected $1,000 expenditure — such as a car repair or trip to the emergency room — with their personal savings. Joe Nowland, president and CEO of Jax Federal Credit Union, hopes America Saves Week will encourage First Coast families to evaluate their savings habits, set a savings goal and make saving a priority.
“Establishing a savings plan is the first step to establishing financial security — and it’s never too late to start,” said Nowland. “Jax Federal Credit Union is proud to participate in America Saves Week as a way to encourage and empower our members in their journey to achieving their unique financial goals, from starting an emergency savings account to saving for retirement.”
Jax Federal Credit Union offers several free savings account programs, including general savings, “You-Name-It” savings, holiday savings, youth savings and business savings.