PENSACOLA, Fla.–PenAir Credit Union has selected the winner of its 2023-24 NOW Program, a seven-month-long financial wellness competition that seeks to give participants a better understanding of their income vs. expenses while creating healthier spending habits.
PenAir said Beverly Johnson has won $10,000 as the result of her selection.
“The goal I am most proud of is improving my credit score. When I saw my debt balances go down, I was thrilled,” said Johnson in a statement. “It was such a huge weight off my shoulders. I am so grateful for PenAir’s Financial Counselors who helped me tremendously along this financial wellness journey. I am so excited to take what I learned during the competition and apply it to my habits for the rest of my life.”
Johnson said her next goal is to buy a home.
‘Significant Strides’ Made
PenAir Credit Union said that over the seven-month competition, all NOW participants made “significant strides” toward eliminating debt, boosting credit scores, and increasing savings.
On average, the $3.1-billion credit union said. teams were able to save $7,300 and decrease personal debt by $7,500. All teams were coached by a PenAir Certified Financial Counselor. Second and third-place teams this year received cash prizes of $5,000 and $2,500, respectively.
‘Proud of Participants’
“We are so proud of all our NOW participants this year,” said Lee Morgan, president and CEO of PenAir. “I would like to give special thanks to our PenAir coaches. Their expertise is invaluable and their practical approach to reducing debt and increasing savings will serve our participants well throughout their lifetimes. We look forward to helping more PenAir members transform their finances in our next NOW competition beginning later this spring.”
Now With Free Shipping! The CUToday.info Daily News Email Keeps Getting Better!
The biggest, best and freshest news reporting in credit unions remains free, and now has an added bonus---free shipping to your email address! That’s right. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?