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Neighborhood CU Member Begins New Year with $25K Prize for Good Savings Habits
Tuesday, January 7, 2014 6:40 AM

Neighborhood Credit Union

Saving money can reap generous rewards, one Dallas man discovered at the start of the New Year, thanks to his good savings habits at Neighborhood CU. Credit union officials surprised Dallas resident Adam Kobos at his home on the first Friday of 2014 with its fifth-annual New Year’s Grand Prize – a $25,000 deposit into his Prize Savings Account.

“This is one of our favorite days of the year,” said Neighborhood CU President and CEO Chet Kimmell, who, along with several senior staff members, presented Kobos with an oversized $25,000 “check” at his front door. “Adam is a good example of a loyal, long-time member who sees value in saving money.”

“I don’t know what to say,” said Kobos, after making sure the prize delivery was not a joke. “The timing couldn’t be better, as I’m driving a rental car right now and I can put this toward a new vehicle. And my wife and I have just been talking about some improvements we want to make to our house.”

Neighborhood CU created the Prize Savings Account to encourage more people to save money, rewarding good saving habits with prize drawings throughout the year, culminating with the $25,000 Grand Prize at the start of each year.

“Starting off the New Year with a windfall or even just providing that extra incentive to encourage more Texans to start ‘paying themselves first’ is what the Prize Savings Account is all about,” explained Kimmell. “We want to help our members achieve their financial goals, now and into the future.”

“Being part of a credit union helps me achieve a lot more personally and professionally. And the service I get from Neighborhood Credit Union and the friendly faces I see there all the time … it’s a pleasure doing business with them,” said Kobos, who has been a member of the credit union for 10 years.

“It’s never too late to start saving,” said Kobos, who noted that New Year’s resolutions are a great way to start.  “Set aside some money all the time because you never know when you’re going to need it.”

Click here to watch the video of Kobos receiving the check.