MADISON, Wis. – In a combined effort to help consumers improve their financial security, 14 credit unions in 45 cities saw 1,409 of their members save a total of $180,797.67 in the first month of the Saver’s Sweepstakes program, according to the Wisconsin CU League.
In conjunction with the celebration of International Credit Union Day last week, Cindy Tenuta. from Educators Credit Union was named the grand prize winner, winning $5,000.
The saving incentive program rewards members in Wisconsin and Minnesota for saving by automatically entering them to win cash prizes monthly, quarterly and annually, the league said.
“Making a positive impact of this kind is important to our communities across the state,” Wisconsin Credit Union League President & CEO Brett Thompson said in a statement. “The amount saved by current and new members will only build excitement and participation for future drawings.”
Tenuta, a resident of Kenosha, was selected in a random drawing.
“I’ve been a member of Educators Credit Union for more than 15 years,” Tenuta said in a statement. “The Saver’s Sweepstakes is a great way to save money, and I plan to use my winnings by putting money back into my savings account and taking a nice vacation.”
The next winner will be drawn on Nov. 19.