Members of Michigan State University Federal Credit Union will have the chance to be rewarded for saving money and paying down their debt.
The $2.4 billion credit union in East Lansing, Mich., said it will offer SaveUp, a program distributed by CU Solutions Group, a CUSO owned by the Michigan Credit Union League & Affiliates.
Founded in 2011, the SaveUp program offers gives users the opportunity to win prizes for performing positive financial actions through partnerships with major consumer brands and financial institutions, according to CUSG.
Since 2012, SaveUp's users have deposited $537 million into savings and paid down $364 million in debt, CUSG said.
“We are excited to provide a new financial resource for our members through SaveUp's distinctive program to help motivate them to pay off their debt while saving money and earning rewards,” said Patrick McPharlin, president/CEO of MSUFCU.
More than 40 credit unions nationwide have signed up for SaveUp, according to CUSG.
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