SESLOC names grand prize winner in Save to Win program
Nine other members awarded with cash prizes for saving money
SAN LUIS OBISPO, CA (January 28, 2020) — SESLOC Federal Credit Union announced member John K. as the inaugural winner of the $500 quarterly Save to Win program cash prize. Eight other members won $25, and one took home $100. Winners are drawn monthly, with additional prizes offered quarterly.
Save to Win is a prize-linked savings account that offers the chance to win extra cash as increased deposits are made to the account. The goal of the program is to help people grow healthier savings habits in a fun way.
“Since launching in November, over 300 members have opened a Save to Win account,” said Kara Clark, SESLOC Marketing Manager. “We are pleased with the success of the program so far and enjoy watching our members foster healthy money-saving habits in a fun and rewarding way.”
Members can visit any branch to open a Save to Win 12-month Share Certificate. For every $25 deposited, account holders are automatically entered into a quarterly prize drawing to win up to $5,000 among all Save to Win Program participating credit unions. Additionally, a $500 quarterly prize and two $25 monthly prizes will be drawn exclusively from SESLOC Save to Win account holders. The more account holders deposit, the greater their chances of winning (maximum of 10 entries per month).
For more information on the program, please visit sesloc.org/save-to-win.
About SESLOC Federal Credit Union
SESLOC Federal Credit Union is a not-for-profit, full-service financial institution on California’s central coast since 1942, now operating with five branches in San Luis Obispo, Paso Robles, Atascadero, Arroyo Grande and Santa Maria. With assets of $1 billion, their 160 employees provide valuable financial and educational services to more than 56,000 members. SESLOC membership is open to anyone who lives, works or goes to school in San Luis Obispo or Northern Santa Barbara County. For more information, please visit www.sesloc.org.
About Save to Win
The Save to Win program was developed by Commonwealth, and the Michigan Credit Union League (MCUL). The pilot program launched with eight Michigan credit unions in 2009 and has since expanded to several states, including the most recent in California. The program is now administered by CU Solutions Group, an affiliate of MCUL. To date, the program has awarded more than $3.1 million dollars in cash prizes and has helped credit union members save nearly $200 million nationwide. To learn more about Save to Win visit www.savetowin.org.
