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News Now

CU System
Family wins 10000 in Wright-Patt CU savings race
FAIRBORN, Ohio (7/16/09)--After eight months of working to increase savings and reduce debt, the McClellan family of Springboro, Ohio, was announced the winner of Wright-Patt CU’s first annual Savings Race.
Click to view larger imageThe McClellan family of Springboro, Ohio, won the $10,000 grand prize in Wright-Patt CU’s Savings Race. Pictured are (from left) family members and their savings coaches: Tracy Liptak, Wright Patt Member Center district manager; Nichole Lovins, Member Center assistant manager; Luke McClellan; Kaila McClellan; Pam Turpin, Member Center manager; Heather McClellan; Ken McClellan; and Aaron McClellan. (Photo provided by Wright-Patt CU)
During the race, five local families worked with teams of Wright-Patt coaches to collectively increase their savings by $80,000 and reduce their debt by $65,000. The McClellan family won $10,000, while the four other teams--the Altings, Bledsoes, Grigsbys and Studebakers--each received $2,000 for participating. “We thought we had to live paycheck to paycheck because we always had,” said Heather McClellan. “Now we know that with a little planning and some restraint in spending, we can have anything. We can pay for our kids' education, take vacations, enjoy our life and still feel the security that comes with a nice savings account.” Community members were invited to follow the participants’ progress through blogs and news segments. Wright-Patt also offered free financial education “pit stops” to encourage area families to start their own money makeover. “The Savings Race families have proved how much you make isn’t nearly as important as how you spend it,” said Doug Fecher, president/CEO of Wright-Patt. “Financial freedom is available to every one of us, no matter our income. Not only did these five families gain financial lessons that will last a lifetime, they also learned the most valuable resource they have isn’t cash--it’s the time they spend together.” The credit union plans to offer a second Savings Race in fall. Wright-Patt, based in Fairborn, Ohio, has $1.4 billion in assets.


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