LINCOLN, Neb. (2/13/14)--A member of MembersOwn CU, Lincoln, Neb., is the winner of Nebraska's "Save to Win" program.
Ronald Hibbert, who has been a member of the $85 million-asset credit union for more than 47 years, received the $25,000 grand prize Wednesday.
"The goal of the 'Save to Win' program is to show our members that building a savings nest egg is possible even in small amounts and that saving doesn't have to be boring, but rather, it can and should be fun," said Scott Sullivan, president/CEO, Nebraska Credit Union League.
Since the launch of the program in 2012, Nebraska credit union members have opened 1,462 "Save to Win" accounts with an average balance of $1,648 per account and more than $2.4 million in total savings.
In Nebraska, "Save to Win" accounts are one-year certificates of deposit, which members can open with $25 and make deposits throughout the year. For each $25 deposited, a member earns an entry into drawings for monthly and annual prizes.