Minn. Credit Union Network Celebrates WINcentive Savings Grand Prize Winners and Nearly $10 Million Saved
First Alliance Credit Union surprised member Heather S. of Dodge Center with a $5,000 check and Financial One Credit Union will celebrate their winner this Friday at their Columbia Heights location.
As of December 2020, WINcentive in Minnesota has reached 8,400 accounts open with nearly $10 million in total saved by members of credit unions throughout the state.
WINcentive Savings incentivizes consumers in 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 in Minnesota qualify for up to four chances per month for each $25 increase in their month over month savings balance.
The Minnesota Credit Union Network and TruLync also administer prize-linked savings programs for credit unions in Delaware, Georgia, Hawaii, Louisiana, Massachusetts, Montana, New York, New Jersey, Ohio and Wisconsin. To date, the programs provide nearly 29,000 members the opportunity to win through prize-linked savings accounts, with over $40 million saved. In total, the programs have awarded over $1 million dollars to members of credit unions throughout the nation.
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.
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