Oregon Legislative Update: Prize-Linked Savings Approved by Legislature

The Oregon Senate passed a bill to allow prize-linked savings in the state. It now goes to the governor for signing.

Oregon Legislative Update: Prize-Linked Savings Scheduled for Senate Vote

If the bill passes the Senate, it will be sent to Governor Kate Brown to be signed into law.

Oregon Legislative Update: Prize-Linked Bill Passes Senate Committee

The bill heads to the Senate floor as its last stop before the governor’s office.

Oregon Legislative Update: Prize-Linked Savings Bill Passes Oregon House

The bill, which is supported by the NWCUA, now moves on to the Senate.

Oregon Legislative Update: NWCUA’s Prize-Linked Savings Bill Passes Committee

House Business and Labor Committee unanimously votes to send prize-linked savings bill to the floor for a vote.

Oregon Legislative Update: Charter Update Passes Senate

Oregon credit union charter update bill SB 582 passed the Senate last week. This week, prize-linked savings bill got a hearing.

Oregon Legislative Update: Possessory Liens, Prize-Linked Savings Bills Still Alive

Two major issues of interest to credit unions – possessory liens and prize-linked savings — are still alive as the Oregon Legislature enters its fourth week of a short session.

Six Washington Credit Unions Launch Prize-Linked Savings Account Program

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.

Washington Credit Unions Invited to Learn About New Turnkey Prize-Linked Savings Plan

Washington credit unions may finally be well-positioned to offer prize-linked savings accounts, thanks to funding approved by the Northwest Credit Union Association board and a new operations model offered by the Michigan Credit Union League.

Large Credit Unions Urged to Join Group of Washington Credit Unions Seeking Prize-Linked Launch

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.

Washington Credit Unions Express Interest in Launching Prize-Linked Savings Programs

A survey of Washington credit union CEOs revealed 12 interested in offering prize-linked savings programs to members by early 2012. An “Idea Exchange” at the NWCUA’s Convention and Annual Business Meeting will provide more information for industry leaders.

Washington Credit Unions Exploring Prize-Linked Savings Opportunity

Prize-linked savings accounts have turned un-banked consumers into savers in Michigan. Some Washington credit unions are considering launching similar programs by taking advantage of legislation passed this year. The NWCUA will lobby for a similar law in Oregon next year.

Governor Signs Washington Prize Linked Savings Bill Today

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.