HARRISBURG, PA (FEBRUARY 17, 2022) – As the impact of the COVID-19 Pandemic continues, Belco Community Credit Union is recognizing an emerging need in our communities for improved Financial Health. As a proud participant in ‘America Saves Week’, Belco will be encouraging members and employees to build future financial resilience through saving.
America Saves Week (Monday, February 21 through Friday, February 25, 2022) is a national, annual call to action for everyday Americans to commit to saving successfully. Participating organizations encourage individuals to do a financial check-in, set goals and make plans to achieve those savings goals.
“We simply cannot ignore the effect the pandemic has had on family finances.” says Amey Sgrignoli, President & CEO, Belco Community Credit Union. “Job-loss, illness, medical bills, child-care issues and other major disruptions have left many families financially insecure. Now is the time to discuss the very real need for the average person to have a savings that can ease pressure during these types of emergencies.”
According to the Financial Health Network, 67%, or roughly 2/3rds of the US population is financially un-well (meaning they are struggling, or just making ends meet). Through various community partnerships and programs, Belco offers financial literacy opportunities to audiences of all ages and incomes. These programs are scheduled to expand in 2022.
Additionally, Belco currently has nearly 30 Certified Credit Union Financial Counselors on staff to help members experiencing financial difficulties.
“Along with increasing the number of families we reach through community education; we are also putting a focus on the financial health of our employees.” says Sgrignoli. “We are excited to bring this much needed education to a broader reach in 2022.”
For more information about America Saves Week, please visit www.americasavesweek.org
For more information about Belco and its participation, please visit www.belco.org
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About Belco Community Credit Union
Belco Community Credit Union is a full-service financial institution offering checking, savings, loans, investment and small business products and services. Established in 1939 to serve employees of Bell Telephone Company in Harrisburg, PA, Belco became a community-chartered credit union in July 2005, opening membership to businesses and individuals who live, work, worship, or attend school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry and York counties. Belco currently has 70,000 members and $797 million in assets, 14 branches, numerous ITM/ATM locations, and 24-hour account access through mobile, online and telephone banking. For more information, visit www.belco.org or call (800) 642-4482.