DOVER, Del.–Del-One Federal Credit Union partnered with the Minnesota Credit Union Network (MnCUN) and StandbyME to offer the WINcentive Savings program to Del-One members.
WINcentive Savings is a prize-linked savings account that offers the chance to win cash prizes. Since the inception of the program in September, Del-One members have saved over $22,000, with an average share balance of over $100! Every $25 saved earns Del-One members one entry into cash prize drawings ranging from $50 to $1,000. As members make deposits, they increase their chances of winning monthly, quarterly and annual cash drawings, while watching their balance grow.
The WINcentive Savings program, which is intended to promote thrift among the membership, has been popular in many low-income areas, where saving is often difficult. Del-One is committed to helping members live the best financial life possible, and continuously works hard to find products and services to help the members achieve financial security and independence. The incentive of not only building a savings account, but also earning chances to win cash prizes with each deposit, has encouraged and assisted members in finding value in saving money.
At right, West Dover Teller Cranae accepting a member deposit.