MT. PLEASANT, Mich.– Educators Credit Union and The Wisconsin Credit Union League celebrated 10 Saver’s Sweepstakes winners on International Credit Union Day. 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 10 Educators Credit Union winners, along with 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’ main office.
“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.