Anthem
Jenny Miller
Senior Manager, Communications
Phone: 208.350.6187
Toll-free: 800.995.9064 x310
Jenny Miller is the Communications Manager for the Northwest Credit Union Association. In this role, she oversees NWCUA’s weekly newsletter, Anthem, and contributes to it weekly as a lead writer. She also contributes toward the organization’s various communications plans, unifying credit union voices to strengthen the Movement. Miller holds a bachelor’s degree in English with an emphasis […]
Save to Win: You win even if you lose: Put cash in savings, be entered in a lottery
June 23, 2014
June 22, 2014
By Kyung M. Song, Seattle Times Washington Bureau
Some credit unions in Washington last year began offering savings accounts that offer chances to win cash prizes. Now U.S. Rep. Derek Kilmer, D-Gig Harbor, is pushing to allow federally chartered banks to do the same.
WASHINGTON — Call it preferential banking for people with the least money.
Since 2013, a handful of credit unions in Washington state have taken advantage of a new state regulation written to encourage people with little savings to sock away more money. For every $25 they put into a certificate of deposit (CD) as part of the Save to Win program, members are automatically entered into regular lotteries with payouts ranging from $50 to $5,000.
Some credit unions even offer higher interest rates on Save to Win deposits than on regular CDs.
Read the Full Story at The Seattle Times
Posted in Article Post.