ST. LOUIS – Joan Cox has become the first member of Electro Savings CU to be awarded for her participation in the prize-linked savings program, Save to Win. For every $25 deposited into their accounts, members earn one entry into the monthly and quarterly drawings for a chance to win $25-$5,000.
Cox has been a member of Electro Savings Credit Union for over 20 years and was one of the first to join the new Save to Win program. The savings tool was designed to appeal to credit union members who are not in the habit of saving or who are looking to save more. In addition to encouraging members to set aside money to win cash prizes, Save to Win also provides a competitive dividend rate, the credit union said.
“Save to Win is a great solution for members who need an additional incentive to put money back,” said Jim Struble, president and CEO of Electro Savings Credit Union.