LAKE HIGHLANDS, Texas–Another member of Neighborhood Credit Union is happy he was home to answer his door.
The credit union went to the home of Donald Kissinger where it presented him with a check for $49,999.99, the grand prize in its annual drawing as part of its prize-linked savings account product.
Kissinger has been a Neighborhood Credit Union member for decades, and his father joined in the 1940s when it was still the Dallas Postal Credit Union. He says his parents instilled in him the importance of saving money.
“My dad taught me to put away 10% of anything I made,” said Kissinger in a statement. “I started saving at the age of 16.”
The prize was a relief and a great way to shake off a difficult few months, he observed. “I had to bury a lot of people in 2019 and am glad that year is gone. This is a very good start to a new year.”
Kissinger said he plans to keep most of the funds in his Prize Savings Account (PSA), although he may spend some of it on a trip to Europe and treat his friends.
Kissinger’s name was drawn from all the credit union’s PSA holders, who receive one drawing entry for every $25 monthly average balance in their PSA. Weekly drawings and the annual grand prize are designed to encourage members to develop good savings habits.