Col. Lester A. Weilacher, 66th Air Base Group commander, discusses Military Saves Week at Hanscom AFB with (clockwise) Kathy Vaillancourt of the Family Readiness Center, Cheryl Eggerts of Hanscom FCU, and David Sprague, president/CEO of Hanscom FCU.

NCUA Board Chairman Debbie Matz urged credit unions on Friday to educate their members and their communities about the importance of saving during America Saves Week and Military Saves Week, which runs Feb. 24 to March 1.

“The week is a great opportunity for credit unions to educate Americans about why saving is an important element of achieving financial security,” Matz said. “Teaching individuals how to build wealth is a core mission of the credit union system, and I strongly encourage credit unions to take part in various activities to remind their members of the importance of saving. Nearly 44% of American households have almost no savings for emergencies; that’s a serious economic concern that credit unions can address.”

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