Educators Credit Union and The Wisconsin Credit Union League celebrated ten Saver’s Sweepstakes winners on Oct. 18, 2018. The Educators Credit Union members were part of the first-ever Saver’s Sweepstakes drawing, and two of them went home with $5,000 grand prizes.
Five of the ten Educators Credit Union winners, Educators Credit Union staff, The Wisconsin Credit Union League staff, Educators Credit Union Vice Chair Cheryl Kothe, Wisconsin State Senator Van Waangard, and Assistant Deputy Secretary at the Wisconsin Department of Financial Institutions Greg Reiman came together to celebrate the inaugural winners at Educators’ Home Office in Mt. Pleasant, Wisconsin.
“We are thrilled to be able to offer this account and help our members start building their savings,” said Educators Credit Union CEO and President Linda Hoover.”
After a short introduction, the winners were given their checks and honored individually. Some winners announced their plans for their money as they came to the podium.
“This is going back into my savings,” said one of the two grand prize winners, Cindy Tenuta.
Other winners talked about fixing household appliances, doubling down and putting the money into their Saver’s Sweepstakes accounts, or spending it on vacation. One of the winners wasn’t even planning on opening her Saver’s Sweepstakes account until she went into an Educators Credit Union branch with her friend.
“I was listening to the gentleman set up my friend’s account, and I thought, ‘Well, that’s smart,’” said $100 winner and 20-year Educators Credit Union member Doris Hayes. “We set it up there, and now the money goes into the account automatically each month.”
The Saver’s Sweepstakes is a brand new prize-based savings account created by The Wisconsin Credit Union League with help from several credit unions across the state. Members earn entries into the sweepstakes for every $25 saved each month. They can receive up to six entries monthly. Those entries go towards a $100 monthly drawing, $1,000 quarterly drawing and the $5,000 grand prize drawing.
While the Saver’s Sweepstakes is special because members can win for saving, it was created to help credit union members develop good saving habits.
“Over a very short period of time, members of 14 Wisconsin credit unions saved over $180,000 tied to the Saver’s Sweepstakes program,” said The Wisconsin Credit Union League CEO and President Brett Thompson. “That all helps (the members) improve their financial condition.”
The next group of winners will be picked on Nov. 15. For full entry rules and information, visit www.ecu.com/savers.
Educators Credit Union Saver’s Sweepstakes winners:
- David K., $5,000
- Cindy T., $5,000
- Denise B., $100
- Scott B., $100
- Barbara C., $100
- Eduardo E., $100
- Doris H., $100
- Frances H., $100
- Charles L., $100
- Eric R., $100