Credit Union Members Win Thousands for Depositing $25 in Save to Win Accounts

FOR IMMEDIATE RELEASE:

April 18, 2014

CONTACT:
Lynn Heider
503.350.2225
503.358.0773 (Mobile)

Credit Union Members Win Thousands for Depositing $25 in Save to Win Accounts

Celebrating Savings April 22

SEATAC, Wash. — Three Washington credit union members will receive unexpected, $5,000 windfalls next week, simply because they opened Save to Win accounts and deposited at least $25. The members were randomly selected this week in a computerized monthly prize drawing, and each will receive their prize checks during celebrations on April 22.

Save to Win accounts were legalized by the Washington Legislature in 2010, and in the year since the program was launched, more than 1,000 consumers have saved over $785,000 at seven credit unions.

Washington is one of four states currently offering Save to Win accounts. The program was started nationally in Michigan in 2009. Designed to appeal to under-banked consumers who rarely save, Save to Win has helped thousands of families save for emergencies while each $25 deposit earns them an entry into monthly and annual prize drawings. Unlike lottery drawings, however, the consumers don’t lose money paying for entry tickets. Their deposits stay in their accounts and help them to secure their financial futures. The prize pool is funded by the Northwest Credit Union Association and its subsidiary, Strategic Link, Inc.

News coverage is encouraged at any of the three celebrations April 22 including: 

TwinStar Credit Union

Date: 04/22/14
Location: TwinStar Vancouver Mall Branch — 8405 NE Vancouver Mall Dr., Vancouver, Washington 98662
Time: 3:30-4 p.m.
Winner: Karen Salado
Prize: $5000

TwinStar Credit Union

Date: 04/22/14
Location: TwinStar Credit Union Yelm Branch — 1105 W Yelm Ave., Yelm, Washington 98597
Time: 3-3:30 p.m.
Winner: Anne Mickatavage
Prize: $5000

North Coast Credit Union

Date: 04/22/14
Location: North Coast Credit Union Mount Vernon Branch — 1410 Riverside Dr., Mount Vernon, Washington 98273
Time:  2:30-3 p.m.
Winner: Gertrude Nelson
Prize: $5000

The seven credit unions offering Save to Win in Washington are:

  • TwinStar Credit Union (Lacey)
  • North Coast Credit Union (Bellingham)
  • Connection Credit Union (Silverdale)
  • Express Credit Union (Seattle)
  • Fibre Federal (Longview)
  • O Bee Credit Union (Tumwater)
  • Peninsula Credit Union (Shelton)

Read more national and Washington coverage of Save to Win

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The Northwest Credit Union Association is the not-for-profit trade association representing 165 of Oregon and Washington’s credit unions and their 4.5 million members. The NWCUA is the voice of the Northwest credit union movement, providing legislative, regulatory and public advocacy in addition to education, compliance, networking support and business solutions to its members. For information on how to join a credit union, please visit http://www.asmarterchoice.org.

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