WINcentive® Surprises Grand Prize Winner, Reaches $4.8 Million in Savings
Thursday, February 1, 2018
ST. PAUL, Minn. (February 1, 2018) - Recently, staff from the Minnesota Credit Union Network visited Fulda Area Credit Union to surprise the $5,000 annual prize winner. Thanks to her parents focus on teaching good savings habits, two-year-old Amelia P. was the happy recipient of the grand prize.
WINcentive Savings was developed by MnCUN to encourage healthy savings habits. When credit union members deposit a set amount of funds into their prize-linked savings account they are automatically entered in monthly, quarterly, and annual cash prize drawings. Since the program began in 2016, Minnesota consumers have saved more than $4.8 million through WINcentive Savings accounts.
“We love WINcentive Savings and have opened accounts for every member of the family,” said the winner’s mother “Receiving the annual prize is an exciting way to show our three young daughters the benefits and rewards of saving a little bit each month.”
WINcentive Savings incentivizes consumers to save by offering risk-free rewards. WINcentive prizes are awarded on a monthly, quarterly, and annual basis, with prizes ranging from $100 to $5,000. Account holders qualify for up to four chances per month for each $25 increase in their month over month savings balance.
WINcentive Savings is offered at 21 credit unions in Minnesota and Del-One Federal Credit Union in Delaware. In addition, MnCUN and TruLync administer the New York Credit Union Association prize-linked savings program, Lucky Savers and the Louisiana Credit Union League program, Lucky Lagniappe Savings.
More information about WINcentive Savings, including a list of participating credit unions, can be found at wincentivesavings.org.