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.
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