In December, five members with WINcentive Savings accounts were the lucky recipients of a special holiday prize, $1,000, simply for saving money through the program. Members of credit unions throughout Minnesota who participate in WINcentive Savings were eligible to win one of the five prizes, given away based on November savings, as a celebration of the holidays. 50 $100 prizes were also given away for eligible savings entries in the monthly statewide drawing.
Recently, the Minnesota Credit Union Network welcomed two newly participating credit unions to the WINcentive Savings program – Magnifi Financial Credit Union and Mower County Employees Credit Union. Members from both credit unions will now have the opportunity win in the statewide prize pool simply for saving in their WINcentive account.
Through November 2022, WINcentive in Minnesota has reached over $13 million in total saved in 8,730 accounts held by members of credit unions throughout the state.
In January, the WINcentive Savings program will announce two prizes of $5,000 each as a part of the annual prize drawing. Participating members of all twenty-two Minnesota-based credit unions offering WINcentive will be eligible for the monthly, quarterly and annual statewide prizes for 2022. Stay tuned for special announcements and for the grand prize winner celebrations!
For details about prize-linked savings, please contact Director of Engagement, Ben Hering, via email. More information about WINcentive Savings, including a list of participating credit unions, can be found at wincentivesavings.org.
The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information.