May 26, 2016

News Release: Indiana credit union members save money and win cashSave To Win logo-three lines stacked
$1 million saved in Indiana since April
 
INDIANAPOLIS, EVANSVILLE, KOKOMO, ODON -- Eight credit union members from four different Indiana credit unions each won either $25 or $50 in May for their participation in their credit union's Save to Win prize-linked savings program. For every $25 deposited into their Save to Win account, they earned one entry into monthly and quarterly prize drawings. These eight Hoosiers are among 21,949 account holders at 117 credit unions in ten states who have saved $51 million since the beginning of 2016.
 
This is the first-ever prize drawing in the state of Indiana, where the program started in April at 12 credit unions across the state.  
 
“We are thrilled for these prize winners,” said Indiana Credit Union League President John McKenzie. “But the best part of Save to Win is the fact that savers at all participating credit unions are adopting a good savings habit through the program. In the short time since its kickoff, Save to Win account holders in Indiana have accumulated more than $1 million in savings.”
 
Credit Unions with winners in May                             City
Crane CU                                                                        Odon
Financial Builders FCU                                                Kokomo
Financial Center First CU                                             Indianapolis                            
Evansville Teachers FCU                                             Evansville           
                    
Indiana’s 12 participating credit unions are listed below. Members who start a Save to Win account or deposit at least $25 into an existing account by May 31 are eligible for the next monthly drawing, which will take place in June.
 
Participating credit unions and their headquarter cities are listed below 
·         Crane CU, Odon
·         Evansville FCU, Evansville
·         Evansville Teachers FCU, Evansville
·         Financial Builders FCU, Kokomo
·         Financial Center First CU, Indianapolis
·         Members Advantage CU, Michigan City
·         Members Choice FCU, Bloomington
·         Members Source CU, Merrillville
·         Natco CU, Richmond
·         One Vision FCU, Clarksville
·         Sterling United FCU, Evansville
·         Thrive CU, Muncie
Indiana passed prize-linked savings into law in 2014. In 2015, Indiana's credit unions partnered with the Indiana Credit Union League and Save to Win to begin making plans for the 2016 roll-out. The program was first offered in Michigan in 2009 and has continued to grow and flourish in other states. Indiana is one of just  ten states whose credit unions are offering Save to Win. Click here for more information about Save to Win in Indiana.
Media contact: Kay Neidlinger, VP Communications (800) 285-5300, ext. 5343