North Carolina appears ready to join other states in adopting a “Save to Win” savingssweepstakes program following passage of an enabling bill by thestate Senate.
The North Carolina Credit Union League said Monday it was “veryexcited” by the unanimous vote last week in the upper chamberallowing CUs to offer the savings account programs tied to monthlyraffles and grand prize drawings.
Under the program, patterned after one under way in Michigansince 2009 and sponsored by the Michigan Credit Union League, participants can open a $25certificate of deposit making them eligible to enter thesweepstakes program.
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