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CU System
CU presents 25000 to displaced GM worker
DALLAS (1/8/09)--Dallas-based Neighborhood CU personally delivered a $25,000 Grand Prize notification to 27-year-old Tiniska Brooks Saturday--one of the credit union’s Prize Savings Accountholders at her parents’ home in Arlington, Texas.
Click to view larger image Tiniska Brooks received $25,000 from Neighborhood CU Vice President Carolyn Jordan (left) and CEO Chet Brooks after wining one of the credit union’s Grand Prize Savings awards. (Photo provided by Neighborhood CU)
Brooks, who recently took an employee buyout offer from General Motors and has decided to go to nursing school, was overcome with emotion. “You have no idea how much this means to me,” Brooks said. “I’m going to use this money to help pay for nursing school and housing, so I can begin a new career. “Of course, I may have to do a little bit of shopping,” she added. “We are glad we can help enrich Tiniska’s life and strive to do that for all our members,” said Neighborhood CEO Chet Kimmell. “The goal of our Prize Savings Account is to reward people like Tiniska who wisely make the choice to save their money.” Alarmed by declining savings rates, Neighborhood CU established the Prize Savings Account in 2007 to encourage people to save and see how those savings can pay off. Members of the $250 million-asset credit union receive one drawing entry for every $25 monthly average balance in their Prize Savings Accounts. The greater the savings, the greater chance a member has of winning. Throughout the year, drawings are held for smaller prizes, including gift certificates, DVD players and plasma TVs. At the conclusion of each year, a grand prize winner is drawn for the $25,000 jackpot.
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