The $1.9 billion Redwood Credit Union announced that theJaworski family has won the $10,000 grand prize in the creditunion's Amazing Savers contest.

The Santa Rosa, Calif.-based credit union's Amazing Saverscontest followed five teams of members throughout 2011 as theyworked closely with financial coaches from the credit union toimprove their finances by budgeting, refinancing, reducing debt andinvesting.

Over the course of the contest, the Jaworski family made themost profound financial improvements by increasing their savingsenough to purchase their first home, start a college fund for theiryoung son, pay off their auto loan and improve their creditscore.

“RedwoodCredit Union congratulates the Jaworskis on their amazingfinancial transformation over the past seven months,” said BrettMartinez, Redwood CU president/CEO.

All five teams made significant financial transformationsthroughout the contest, the credit union said.

Team Campbell improved their cash flow, started an emergencyfund, purchased a more economical fuel-efficient vehicle, andimproved their credit score.

Team Flores reduced their debt by refinancing their auto loan,started a savings plan and improved their credit score.

Team Lynch reduced her credit card interest rate by 22percentage points, improved her credit score and saved enough moneyto live independently.

Team Van Patten saved nearly $400 a month by refinancing theirdebt and improved their credit score.

Each of the runner-up teams was awarded $1,000 for their hardwork and achievements over the course of the contest.

The contestants' financial transformation progress waschronicled online through contestant and coach blogs.