North Carolina last week became the latest state to achieve progress on allowing credit unions to start offering a "Save to Win" savings sweepstakes program.
In a unanimous vote, the North Carolina Senate adopted an industry-backed bill to permit the savings account programs tied to monthly raffles and grand prize drawings.
There had been initial concern that the North Carolina bill might run into opposition from the banking lobby or faith-based groups objecting to a "gambling" complaint, but those fears seemed to have dissipated.
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