Nebraska Gov. Dave Heineman on Wednesday signed a raffle savings bill allowing credit unions for the first time to offer prizes for opening savings accounts in the Cornhusker State.
The "Save to Win" program, a product of the Michigan Credit Union League, Filene Research Institute and a Boston area non-profit, becomes effective in September though Nebraska CUs are not expected to start offering the accounts until next January.
"We're most pleased that the governor went ahead and approved it since he could have let it become law without his signature. That shows the support this concept is receiving," said Joanna Smith-Ramani, director of strategy for the Doorway to Dreams Fund, the Roxbury, Mass.,agency spearheading "Save to Win" among CUs.
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