Archive

Go to:

October 2017
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
293031
< Sep Nov >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

Fort Worth Engineer Surprised with $10K from Neighborhood CU
Wednesday, July 27, 2016 7:00 AM

David Tran
David Tran (right) of Fort Worth was surprised July 19 with a $10,000 prize by Neighborhood Credit Union’s Carolyn Jordan (left) as a reward for his good savings habits. Tran is saving to buy his first home.

Tuesday wasn’t just another hot July day for one Fort Worth man. He opened the door to his apartment to find Neighborhood Credit Union leaders on his porch, there to present him with a $10,000 prize, thanks to his refreshingly good savings habits.

“I have won $5 in the past, so I knew it was possible to get a prize from Neighborhood Credit Union,” said David Tran, a 31-year-old engineer. “Of course, I never imagined winning $10,000!”

Tran became a member of Dallas-based Neighborhood CU at the end of 2011. He explained that he found out about the credit union through an online search for a financial institution with good savings rates. He opened his account online and conducts nearly all of his financial services online.

Tran also is a diligent saver, automatically transferring a portion of every paycheck into his Prize Savings Account. “It’s always good to have money put away, because you never know when something might happen,” Tran explained. “In my case, I am saving up to buy my first house. This $10,000 prize is certainly going to help me get there faster.”

Neighborhood CU drew David Tran’s name from the ranks of its Prize Savings Account holders. The credit union established the Prize Savings Account in 2008 to encourage people to save more money, at a time when the personal savings rate had dropped to one of the lowest levels in U.S. history—especially among young people.

Neighborhood CU awards a variety of prizes throughout the year, including quarterly $10,000 prizes and a $25,000 grand prize at the start of each year. The more a person has saved in his or her Prize Savings Account, the more chances to win a prize.

“David Tran shows it is never too early to start saving money,” said Carolyn Jordan, senior vice president at Neighborhood CU. “We hope to see more of his peers follow his lead and save for a successful future.”

See Video Clips of the Surprise Delivery to David Tran

How the Prize Savings Account works: Neighborhood Credit Union members receive one drawing entry for every $25 monthly average balance in their Prize Savings Accounts. The greater the savings, the greater the chance a member has of winning. Members are eligible for monthly drawings and quarterly $10,000 drawings. At the start of each year, a winner is drawn for the $25,000 grand prize based on the average monthly balance in the savings account at close of business December 31.

About Neighborhood Credit Union
The oldest credit union in Dallas (chartered April 18, 1930), Neighborhood Credit Union is a not-for-profit financial organization serving Dallas, Denton, and Ellis counties, as well as the cities of Arlington and Midland. With branches in Oak Cliff, North Dallas, Richardson, Arlington, Mesquite, Duncanville, Waxahachie, Lancaster, Grand Prairie, Coppell, and Midland and assets topping $590 million, Neighborhood Credit Union has a membership of 47,000 and continues to welcome new members daily. For more information, please visit myncu.com.