WINcentive Savings Announces Monthly and Quarterly Prizes

In October, the WINcentive Savings program, offered at 21 Minnesota-based credit unions, announced statewide winners of the monthly and quarterly prizes of up to $1,000.

Members from Affinity Plus Federal Credit Union, Cities Credit Union, Co-op Credit Union of Montevideo, Financial One Credit Union and Hiway Credit Union were the lucky winners of $1,000 quarterly prizes. Monthly prizes of $100 were awarded to 50 eligible members in the statewide prize-pool. In addition, each participating credit union is guaranteed one $100 winner each quarter. 

Members participating in WINcentive have saved over $11 million dollars throughout Minnesota. Currently, nearly 8,500 members of credit unions throughout the state have a WINcentive savings account open.

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 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 over 31,000 members the opportunity to win through prize-linked savings accounts, with over $55 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.

​Photo: WINcentive winner, Dean, member of Affinity Plus Federal Credit Union, with credit union branch staff.