Credit union savings raffles won the go-ahead from the Nebraskalegislature Wednesday with Gov. Dave Heineman expected to signenabling legislation.

Following the governor's signature, the measure, spearheaded bythe Nebraska Credit Union League, would allow CUs to start offeringthe prize-linked savings accounts starting in September. CUsare expected to have programs up and running by January 2012.

“By linking savings with prizes, we believe more Nebraskans willdevelop a habit of saving that will provide them financial securityand peace of mind going forward,” said Scott Sullivan,president/CEO of the league.

Continue Reading for Free

Register and gain access to:

  • 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.