In a combined effort to help consumers improve their financial security, 14 credit unions in 45 cities saw 1,409 of their members save a total of $180,797.67 in the first month of the Saver’s Sweepstakes™ program. In conjunction with today’s celebration of International Credit Union Day, Cindy T. from Educators Credit Union was named the grand prize winner, winning $5,000.
The saving incentive program rewards members in Wisconsin and Minnesota for saving by automatically entering them to win cash prizes monthly, quarterly and annually.
“Making a positive impact of this kind is important to our communities across the state,” Wisconsin Credit Union League President & CEO Brett Thompson said. “The amount saved by current and new members will only build excitement and participation for future drawings.”
Cindy, a resident of Kenosha, was selected in a random drawing on Monday, Oct. 15.
“I’ve been a member of Educators Credit Union for more than 15 years,” Cindy said. “The Saver’s Sweepstakes is a great way to save money, and I plan to use my winnings by putting money back into my savings account and taking a nice vacation.”
Credit unions are the only financial institutions in Wisconsin offering prize-linked savings accounts to consumers.
The next winner will be drawn on Nov. 19.