Honor saves to win big

Published 9:06 am Monday, January 25, 2016

ST. JOSEPH — Since January 2015, 22 Honor Credit Union members have received prize money from the nationwide program Save to Win, totaling $2,150.00.

Save to Win is an innovative and national award winning prize-linked savings product, that was designed to help low-to-moderate income people improve their financial lives and create better savings habits.

“The Save to Win program has been wonderful to incent our membership to save for their future,” said Ron Lauren, Honor Credit Union Northern Market President.

“Not only do they have a chance to win money that is deposited directly into their savings, they are able to earn interest on their saved money to be used for future purchases such as a car, home, college, etc. instead of having to pay interest by obtaining a loan.  A great program to help our members get into the habit of saving for their future.”

To participate in Save to Win, an individual would become a member of a participating credit union, like Honor Credit Union, and open a 12-month Save to Win share certificate with at least $25. After that, the individual would make deposits into their share certificate every month. Each $25 deposit made earns them an entry into the prize drawings. Prizes from Save to Win range from $25 to $5,000, and are awarded monthly and quarterly.

Twenty-two lucky (and savings-savvy) Honor Credit Union members were monthly winners in 2015. Two members were quarterly winners, one winning $500, and the other winning $1,000.

Honor Credit Union is proud to serve more than 57,000 members across the State of Michigan.  Providing solutions for financial success and giving back to the communities they serve remain the driving forces behind Honor Credit Union.  For more information call (800) 442-2800, or visit www.honorcu.com