A first-of-its-kind multistate savings contest is headed for credit union members in Michigan, Nebraska and Connecticut as part of a program CU Solutions Group said has helped members sock away more than $94 million.

Typically, savings contests are state-centered, but this marks the first time credit unions in several states have joined to promote a single, large-scale contest, CU Solutions said.

Members must open a 12-month share certificate to enter the contest, called Save to Win. For each deposit of at least $25 at a participating credit union, they earn up to 10 entries per month in a monthly prize drawing, according to CU Solutions Group. The contest promises $3,750 in prizes to 150 members each month. Members' entries also go into quarterly drawings for prizes ranging from $500 to $5,000.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marketing