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Cornerstone's Launch of 'Save to Win' Program Meets with Enthusiasm
Wednesday, October 10, 2018 7:00 AM

$ave to Win

Already, Cornerstone's new version of the "Save to Win" program with both national and league-level prizes for members of credit unions in Arkansas and Texas has proven to be a big hit among credit unions.

Participating in Save to Win increases a credit union's wallet share and teaches members to build savings. It’s fun, easy, and risk-free. Members establish a Save to Win savings account that automatically enters them into monthly and quarterly cash prize drawings from league and national prize money pools every time they make a $25 deposit. They’ll build savings while earning chances to win something extra.

To date, the program has helped members save nearly $180 million and has awarded more than $2.4 million in prizes. Save to Win also helps credit unions score big with their most sought-after audience too—millennials, who make up 33 percent of the program’s participants. Best of all, it’s fee-free for members and a minimal investment for credit unions.

"Save to Win is a direct result of the gains credit unions and voters made in Texas through the first-ever credit union amendment allowing Prize-Linked Saving accounts," said Cornerstone President/CEO Caroline Willard. "Credit unions fully engaged with their member voters, and now they and their members are able to reap the benefits. Credit unions will find increased wallet share and further demonstrate to consumers the credit union difference."

"Save to Win is a simple way for credit unions to incentivize and encourage their members to save in a fun and financially rewarding way," said Cornerstone's Innovation, Collaboration, and Engagement Committee Chair Sean Cahill, who led the effort to advance this program toward approval. "And after all, helping our members build wealth and live better lives are key components of our primary mission."

How Save to Win benefits credit unions and members alike:

  • Increases credit union wallet share
  • Builds member loyalty and financial education
  • Attracts millennials (they comprise 33 percent of program participation)
  • Easy implementation through turnkey marketing materials
  • Expands business through cross-selling opportunities
  • Allows control over interest rate and dollar caps
  • Generates media buzz

Download the Save to Win product sheet.

To learn how you can add value to your credit union through Save to Win, contact us today at 800-262-6285 or info@CUSolutionsGroup.com.