Video: Fibre Federal CU Member Wins Save to Win $5,000 Grand Prize
The Save to Win prize-backed savings program produced a grand prize winner with Fibre Federal credit union—to the surprise of Joyce Becker. See her reaction here.
The Save to Win prize-backed savings program produced a grand prize winner with Fibre Federal credit union—to the surprise of Joyce Becker. See her reaction here.
Three Oregon credit unions launch the Save to Win program in April, providing a life-changing opportunity for unbanked and under-banked families to build their financial assets.
Three Oregon credit unions launch the Save to Win program in April, providing a life-changing opportunity for unbanked and under-banked families to build their financial assets.
Challenge to “use the power of community to financially empower, educate and protect those who need it most” is open to all, with $10,000 prize.
Duane M., who said he never wins anything, said he’ll use the money to pay things off and boost his savings.
Save to Win’s first quarterly cash prizewinner thought she was coming to her credit union to pick up a check for $50. What she heard from the branch manager instead was life- changing.
More than 1,000 Washington credit union members have already improved their financial well-being thanks to the Save to Win program offered at six credit unions. All other Washington credit unions are invited to offer the accounts to their members, through the NWCUA’s turnkey program.
A savings habit that started with a $25 deposit in April 2013 paid off big for TwinStar Credit Union member Janet Gullberg on Friday, when the Brush Prairie woman picked up a $5,000 check as the winner of Washington’s first annual Save to Win prize drawing.
Credit unions are celebrating the first anniversary this month of the “Save to Win” program in Washington with three $5,000 monthly drawings and the awarding of the state’s first $5,000 annual prize. Says the NWCUA’s Craig Reed: “I think we’re off to a great start!”
U.S. Rep. Derek Kilmer will be on hand Monday, March 31, when Peninsula Credit Union becomes the seventh Washington credit union to offer prize-linked savings accounts to members. Peninsula’s “Save to Win” launch will also be a fundraiser for North Mason Resources, a local nonprofit that helps low-income families become more self-sufficient.
Three months and six credit unions later, Save to Win is off and running in Washington. Cash prizes have already landed in the hands of monthly winners and about 600 accounts have been opened.
More than 200 Washington consumers have opened Save to Win accounts since the program launched just a month ago. The first cash prize drawings will put $50 into the hands of five lucky winners May 14.
It’s official: prize-linked savings accounts are now available for Washington consumers. Six credit unions launched “Save to Win” yesterday, putting a lot of marketing muscle into promoting a program expected to encourage under-banked consumers to save.
Next Monday, six Washington credit unions will launch Save to Win, a program that offers consumers a chance to win monthly and annual cash prizes as a reward for building financial assets.
As Washington’s prize-linked savings program continues to build steam, with two Washington credit unions pledging to offer programs in 2013 and more continuing due diligence, the Nebraska credit unions that launched programs this year have surpassed the million-dollar milestone.
At least eight Northwest credit unions have expressed an interest in a collaborative launch of prize-linked savings programs in early 2012. Larger credit unions are being invited to join the effort.
Governor Chris Gregoire will sign the prize-linked savings bill, successfully bringing to an end months of work by the Association’s legislative affairs staff.
A story picked up around the nation this week focuses on the Northwest Credit Union Association’s Washington state effort to pass legislation encouraging non-savers to sock away a short term nest egg.