In Partnership with Credit Union National Association
Go to main content
SOC - FacebookSOC - TwitterSOC - LinkedINSOC - YouTube
Michigan Credit Union League

Save to Win, Prize-linked Savings Program from CUSG, Announces Multi-State Program

CU Solutions Group’s innovative prize-linked savings program, Save to Win, which started in Michigan in 2009 has launched a new multi-state program.

Credit unions in Michigan, Nebraska and Connecticut are joining forces to pool their resources to promote the first-ever large scale multi-state prize linked savings program that started on January 1st.

The multi-state model will award more winners than the individual state’s programs, and it allows for the prize pool to grow as other credit unions sign on.

This is how Save to Win Works: Members open a 12-month share certificate and for each deposit of $25 or more, they earn an entry into the monthly prize drawing. A person can qualify for up to 10 entries per month. At the end of the month, prizes totaling $3,750 will be awarded to 150 members who made savings deposits during the month. The members' entries will also be entered into quarterly drawings for chances to win prizes ranging from $500 to $5,000.

Since its inception in 2009, the innovative program has helped 50,000 credit union members save more than $94 million.

North Carolina, New York and Washington are looking to join the multi-state program in 2016 and 2017.

Go to main navigation
Especially For:
2015-01-19 00:00:00