Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Save to Win 100000 grand-prize winner presented
Charmain Hanners (right), winner of the $100,000 grand prize in the Save to Win contest, poses for pictures with her husband Ronald (left) and grandson Charlie. (Photo provided by Michigan Credit Union League)
LIVONIA, Mich. (2/14/11)--Charmain Hanners, a member of $243 million-asset Alpena Alcona Area CU, Alpena, Mich., won the $100,000 grand prize in Michigan’s groundbreaking Save to Win contest. Save to Win is a Michigan Credit Union League (MCUL) program designed to encourage saving. Each $25 deposit into a Save to Win certificate by a credit union member is good for one entry into the annual $100,000 grand-prize drawing. The program also awards smaller monthly cash prizes ranging from $125 to $1,000. As of Dec. 31, roughly 157 Aplena Alcona Area CU members had saved $84,000 through the Save to Win program. Statewide, credit union members saved $28 million, according to the MCUL (Michigan Monitor Feb. 11). Hanners and her husband Ronald have been credit union members since 1973. Her father served on a credit union board. Hanners opened the account in July to save money for her grandson’s education. She said she plans to use some of her winnings for that purpose, and for the education of any future grandchildren. She also indicated she will share her winnings with battered women’s and homeless shelters and the American Cancer Society.


RSS print
News Now LiveWire
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
14 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
17 hours ago
CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
17 hours ago
#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
17 hours ago
44 #creditunion professionals earn Development Educators designation #NewsNow http://t.co/GG551ofq31
18 hours ago