WINcentive Savings Gears Up for 2024

Last month, the WINcentive savings program announced the final prizes awarded through the Minnesota statewide prize pool for 2023, including a record four Grand Prize winners. Members from First Alliance Credit Union, Minnco Credit Union, North Star Credit Union, and Two Harbors Federal Credit Union were each the lucky recipients of the annual grand prize of $5,000.

​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. Since its inception in 2016, Minnesota credit union members have saved over $12 million with 8,720 accounts opened. The accounts are currently offered at 21 credit unions across the state and the program will award $100,000 in prizes this year.

In 2024, the program will offer participating credit unions updated marketing materials to promote the accounts to members and enhancements to data and reporting. 

​“We are looking forward to providing credit unions with improvements to the program to help meet the financial needs of their members and promote their financial well-being,” said John Ferstl, Chief Operating Officer of the Minnesota Credit Union Network.

For more information on the Minnesota WINcentive Savings Program, reach out to Xiong Lee, MnCUN Director of Engagement.