Build savings and have a chance to WIN!

South St. Paul, Minnesota. -- WINcentive™ Savings is a new prize-linked savings account now available at Wakota Federal Credit Union. WINcentive Savings offers prize drawing entries in return for each time accountholders increase their savings balance by $25 (up to 4 entries per month)*. Prize drawings occur monthly, quarterly and annually - up to the grand prize of $5,000!

The WINcentive Savings account at Wakota Federal Credit Union is designed to help consumers improve money habits in a whole new way that actually makes saving FUN. Members feel rewarded by watching their savings grow, and experience the excitement of the prize drawings. And unlike playing the lottery, nothing is lost with WINcentive Savings. All of the money deposited into the account, plus interest, is the member’s.

Americans still lack savings despite improvements in the economy. According to a survey done by bankrate.com in June, 2015, nearly 78% of people do not have savings enough to cover six months’ worth of living expenses in the event of a job loss, while more than 29% have no savings at all. Additionally, 36% of Americans have not saved a penny towards their retirement. These percentages have increased since 2013, despite improvements in employment and wages.

Since 2009, credit unions in the U.S. offering prize-linked savings accounts have helped over 50,000 members save 94 million dollars. In 2015, Gov. Mark Dayton signed a Minnesota Credit Union Network-sponsored bill that allows credit unions here to offer prize-linked savings (PLS) accounts. And now WINcentive Savings is available for those who live, work, worship, volunteer or attend school in Dakota County, Minnesota or you live in the same household as a current member or you are related to a current Member by blood, adoption or marriage.

“We are committed to our member’s financial success. If we can make it fun while they do it, it’s a win-win situation for everyone” states Mary Matheson, President/CEO, Wakota Federal Credit Union.

For more information about how to participate in WINcentive Savings at Wakota Federal Credit Union, contact a Financial Service Representative at 651-451-3330.

About Wakota Federal Credit Union

Established in 1931, Wakota Federal Credit Union formally known as Armour Credit Union was originally formed to provide “Savings and Thrift” to the Armor Foods employees and their families. Our name was changed in 1997 to Wakota Federal Credit Union as we became a community and federally chartered credit union. The name Wakota is derived from a bridge in South St. Paul that connects Washington and

Dakota Counties. Wakota is a word that is easily identifiable to the community of South St Paul where our main office is located. Wakota FCU has grown considerably since its inception and now services all of Dakota County providing all the “Big Bank” services with that small home town feel. While our heart is in South St Paul, our members can transact business at over 5000 credit union shared branches metro, nationally and worldwide. For more information please visit www.wakotafcu.org.