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Make a $25 deposit, get a chance to win $5,000; Washington credit unions join in “Save to Win” program

Post by C.R. Roberts / The News Tribune on March 26, 2013 at 3:32 pm with No Comments »
March 26, 2013 3:32 pm

Spend a few dollars on the lottery and chances are, the money goes away.

There is, however, a new game in Washington.

Make a $25 deposit, or more, at one of six state credit unions, and you will be entered into a drawing with up to $5,000 in monthly prizes and a $5,000 annual prize.

Washington thus joins Michigan, Nebraska and North Carolina in a program called “Save to Win.”

The six credit unions participating are OBee, in Tumwater; TwinStar, in Lacey; North Coast in Bellingham; Fibre Federal in Longview; Connection, in Silverdale; and Express, in Seattle.

“Save to Win offers the excitement of a lottery without the risks of losing the money used to purchase a ticket,” the Northwest Credit Union Association said in a release Tuesday.

“We were excited when the Washington Legislature approved prize-linked savings programs for credit union members,” stated Troy Stang, NWCUA president and CEO.

The program is open to Washington residents who are at least 18 years old who open accounts at one of the six credit unions.

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