EDMONTON, Alberta–Servus Credit Union said it is bringing back the $1 million prize that is awarded as part of its The Servus Big Share Contest.
The contest, which debuted in 2019 and is returning in 2020, is designed to encourage Albertans to save money, and in doing so over a period of four months address a major financial challenge for people – incorporating healthy savings habits into their lives.
"Albertans were hugely successful in growing their savings during last year's Servus Big Share, saving over $350 million," says Michelle Belland, chief marketing and digital officer at Servus Credit Union, in a statement. "Encouraging healthy financial habits is how Servus helps people to feel good about their money. That's why we're excited to be bringing the contest back for another year.
‘Nobody Loses’
"Nobody loses with this contest," continued Belland. "Not only will Albertans be saving their money for a chance to win, but they'll also be earning interest, Profit Share Rewards cash, and one member will walk away with one million dollars!" The winner will be announced in early June.
To enter the contest, existing Servus members earn entries based on the Profit Share. Albertans who aren't yet Servus members can participate, too, by first opening an account and then depositing savings into their Servus account. Members earn a contest entry for every $500 that their Servus savings balances grow between Jan. 1 and April 30.
In June of 2019, Servus Credit Union presented contest winner Andrew Buchner with the $1 million prize after the entry he earned from his 2018 Profit Share Rewards cash was selected.