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Savings Group: Banker-Led Savings Raffle Attacks Won't Slow National Movement

Banker attacks will not stop more states from adopting credit union savings raffles, according to a Boston-area savings advocacy group.

By Jim Rubenstein | Updated on April 19, 2011

Banker attacks on credit union savings raffles are disappointing but show no sign of derailing the national campaign to win lawmaker support despite last week’s Iowa setback, according to a Boston-area non-profit.

The Doorways to Dreams Fund, a Roxbury agency dedicated to increasing economic security for low-income people through improved savings habits, said legislative success in Nebraska, Washington state and North Carolina trump the defeat of a bill in the Iowa legislature led by the Iowa Bankers Association.

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