Crane Credit Union, a $546 million institution based in Odon, Ind., has distributed nearly $18,000 in cash prizes to its members since it launched the popular prize-linked savings program Save to Win.

Some members won individual cash prizes ranging from $25 to $500, while one member won $1,000 in January and two other members won $500 each.

Under the program, called “Save to Win,” members at participating credit unions who make a $25 deposit are entered into drawings throughout the year, and get opportunities to win monthly and quarterly prizes from two different prize pools.

Crane CU member wins cash prize
Crane CU member wins cash prize

The state-level prize pool features monthly and quarterly prizes ranging from $50 to $1,000 and a national prize pool offers quarterly prizes from $25 to $5,000.

Crane CU also distributes $500 in prizes each month to its members; credit union members simply need to save their money to qualify.

The credit union explained that savers earn entries for every $25 they save in a given month, with a maximum of ten entries per month.

Crane CU posted net income of about $5.4 million in 2017, up from about $4 million in 2016.

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