Kohler Credit Union's Saver's Sweepstakes offers new and unique savings opportunity

News Graphic Staff

July 9, 2019

KOHLER ó Kohler Credit Union has launched Saverís Sweepstakes, a new prize-linked savings account.

The sweepstakes offer prize drawing entries in return for each time members increase their savings balance by $25, up to six entries per month. Prize drawings occur monthly, quarterly and annually, with a grand prize up to $5,000.

The Saverís Sweepstakes account at Kohler Credit Union is designed to help members improve saving habits in a whole new way that actually makes saving fun, according to a bank press release.

ďMembers feel rewarded by watching their savings grow, and experience the excitement of a chance to win the prize drawings. And unlike playing the lottery, nothing is lost with Saverís Sweepstakes. All of the money deposited into the account, plus interest, is the memberís to keep,Ē the press release said.

Americans still lack savings despite improvements in the economy. According to a recent Bankrateís Financial Security Index Survey, six in 10 Americans donít have enough set aside to cover a $500 unplanned expense, and a quarter of Americans have no emergency savings at all.

ďProviding our members with a new way to save money and improve their financial well-being aligns with our values as an organization. Saverís Sweepstakes is intended to encourage positive saving behaviors that will impact our membersí livelihood now and into the future,Ē said Laura Gabrielse, senior vice president of communications and community development.

For more information about how to participate in Saverís Sweepstakes, and to review the complete terms, conditions and official rules, visit kohlercu.com or call 888-528-2595. Early withdrawal limits may apply.

Kohler Credit Union is a $425 million not-for-profit, financial cooperative, owned and governed by its members.

Membership is open to anyone who lives or works in Sheboygan, Calumet, Fond du Lac, Manitowoc, Milwaukee, Ozaukee, Washington or Waukesha counties; as well as their immediate family members and associations or organizations. Federally insured by the NCUA.