Save to Win is an attention-getting innovation available only at credit unions. A provision in the Michigan Credit Union Act allows state and federal-chartered credit unions to offer savings raffles to their members in which a savings deposit can constitute entry into a raffle drawing. To date, over 12,500 Michigan credit union members have saved over $32 million by participating in Save to Win!! In our current slow-growth economy, this is a huge accomplishment for Michigan families and for Michigan credit unions!
This program works as a part of Michigan's Community Reinvestment Initiative, because it's closely tied to our mission of "People Helping People," by giving members a way to build good savings habits and enjoy a more responsible game of chance. This unique product was developed by Doorway to Dreams, The Filene Research Institute and the Michigan Credit Union League.
- In 2013, 38 credit unions of all sizes across the state are Save to Win partners, but there's still plenty of room for more credit unions to participate.
- Participation fees for 2014 include a minimum contribution, marketing expenses and any additional monthly prizes your credit union wants to award your members or staff.
- 2013 & 2014 prizes will be awarded as (50) $50 monthly prizes, January through April and (75) $50 monthly prizes, May through December. Also, (6) $10,000 grand prizes will be awarded at the end of the year.
- The Michigan Credit Union League promotes Save to Win through mass media buys and national PR campaigns. You may have heard our radio commercial in the fall of 2011 or even read about our program in the Wall Street Journal and AARP Magazine.
For more information visit savetowin.org or contact Jessica Demorest, Save to Win Product Coordinator at firstname.lastname@example.org or 800-262-6285 extension 458.
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