Credit union awards $50,000 grand prize to lucky saver
BREA, CA (February 17, 2020) — American First Credit Union (AFCU) awarded Nick H. from Brea, CA, its grand prize of $50,000 in their newest savings program called Big Prize Savings. Big Prize Savings is designed to promote and encourage good saving habits by offering account holders a chance to win substantial cash prizes just for saving their money. The Big Prize Savings winnings will continue in 2020 with prizes of $1,000 each month, $10,000 each quarter, and a $50,000 grand prize at the end of the year.
Nick H. is a long-time saver and he jumped at the chance to open a Big Prize Savings account in March 2019. When asked how he felt after learning he won, Nick responded, “I’m still dreaming. I haven’t woken up from my dream. My family won’t believe me when I tell them how much I won.”
At the end of each month, Big Prize Savings account holders who maintain an average daily savings balance of $500 or more for that month receive one entry for every $25 saved. Account holders have a greater chance of winning prizes the more they save.
Programs like Big Prize Savings are relatively new to California. Categorized as prized-linked savings, qualified California credit unions and banks were allowed to offer such accounts in 2019. American First Credit Union’s program awards some of the most lucrative prizes in the state.
“Savers like Nick are great examples for all of us to follow,” said Jon Shigematsu, CEO and President of American First Credit Union. “American First is thrilled that Big Prize Savings can reward savers and encourage others to also establish the important habit of saving.”
For more information on Big Prize Savings, visit www.amerfirst.org.
AFCU associates present Nick the $50,000 grand prize.
About American First Credit Union
American First Credit Union is a member-owned, full-service financial cooperative established in 1952. Originally the credit union for grocery store workers, AFCU now serves more than 38,000 members. We welcome individuals who live, work, worship, or attend school in the Orange, Riverside, or San Bernardino Counties and 14 nearby qualifying cities. To learn more about American First Credit Union, call 800-290-1112, visit www.amerfirst.org or follow us on Facebook.