ALBANY, N.Y. (10/23/15)--New York credit unions’ statewide Lucky Savers program has proved so successful that the New York Credit Union Association (NYCUA) announced Thursday it will offer a second launch date for Round 2 on Jan. 1.

The first round of the cash prize-linked savings program was launched with 30 credit unions Oct. 1 as part of Save to Win, a product developed by Doorways to Dreams and the Filene Research Institute (News Now Oct. 2).

The deadline for credit unions to participate in the Jan. 1 launch is Oct. 31--the last opportunity to join the program until next fall. Registration and details are on NYCUA’s website (The Point Oct. 22).

Lucky Savers accounts are 12-month certificates. Participants must deposit a minimum $25 into the certificate. For every $25 in month-over-month increases, accountholders earn one entry into a monthly and quarterly drawing for cash prizes, up to 10 entries per month. There is no cap on the amount deposited in the savings account.