Le Lézard
Classified in: Business
Subjects: SRI, FVT

Credit Union Will Be Awarding a $50,000 Grand Prize to a Lucky Saver


BREA, Calif., Jan. 23, 2020 /PRNewswire/ -- American First Credit Union will award one member $50,000, its grand prize in their newest savings program named Big Prize Savings.

A savings account where the more you save, the more chances you earn to win prizes up to $50,000. For more information, visit bigprizesavings.com. (PRNewsfoto/American First Credit Union)

The program is designed to promote and increase members' saving habits by offering a chance to win cash prizes just for saving their money. The program started in February 2019 and has presented monthly $1,000 and quarterly $10,000 awards in addition to the grand prize. The Credit Union will celebrate the winner of its largest cash prize yet at its newest branch located at 4180 N. Harbor Blvd. Ste. A in Fullerton, CA on January 27th at 5:00 p.m.

At the end of each month, Big Prize Savings accountholders who maintain an average daily savings balance of $500 or more for that month receive one entry for every $25 saved, so savers who add more to their account earn more chances to win. A saver with a daily average of $500 saved in a month will receive 20 entries whereas someone who saves $600 will receive 24 entries for the cash prize drawings.

Programs like Big Prize Savings are new to California.  Generically called prized-linked savings, American First Credit Union's program is one of the first in the state. Governor Brown signed SB 1055 into law in September of 2018, allowing qualified California credit unions and banks to offer prize-linked savings accounts in 2019.

"We value the wellbeing of our members, and this program reflects that," said Jon Shigematsu, CEO and President of American First. "We reward people for saving their money and ensure they're on a financially successful path."

For more information on Big Prize Savings, visit www.amerfirst.org.

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.

Contact:
Priscilla Lam
Assistant Marketing Manager
[email protected]
562.237.5041

 

SOURCE American First Credit Union


These press releases may also interest you

at 09:07
Olympus announced today that it has been awarded a contract for its advanced energy portfolio by Provista Inc. This new, nationwide agreement provides Provista members with negotiated pricing for Olympus® energy products, including the...

at 09:05
Popular, Inc. announced today that it expects to report its financial results for the first quarter ending March 31, 2024, before the market opens on Tuesday, April 23, 2024. Popular will hold a conference call to discuss the financial results the...

at 09:05
Caliber (the "Company" or "CaliberCos Inc.") , a real estate investor, developer, and manager, today announced that it has rescheduled the release of its fourth quarter and full year 2023 financial results for before the open of the market on Monday,...

at 09:05
Pacific Premier Bancorp, Inc. ("Pacific Premier"), the holding company of Pacific Premier Bank, announced today that it will issue its first quarter 2024 financial results before the market opens on Wednesday, April 24, 2024. Pacific Premier will...

at 09:05
Effective today, upon the completion of the acquisition of HSBC Bank Canada ("HSBC Canada") by Royal Bank of Canada ("RBC"), HSBC Global Asset Management (Canada) Limited, HSBC Canada's asset management division, became a wholly-owned subsidiary of...

at 09:00
The Commerce Casino & Hotel, home to the largest poker room in the world, proudly announces an exciting partnership with the richest, most prestigious, and longest-running poker series ? the World Series of Poker® (WSOP®). This collaboration...



News published on and distributed by: