GRAND PRAIRIE, Texas – A longtime member of Neighborhood CU opened her door yesterday on a rainy morning and received a lucrative surprise presented to her by the chief executive of her credit union, an oversized $10,000 check as quarterly winner of the credit union’s Prize Savings Account.
Laura Dawson and her husband, William, have been members of the credit union for 37 years. She said that whenever their family had a financial need that they could always depend on the credit union. The Dawsons have used the credit union for checking, savings and loans.
Neighborhood CU members receive one drawing entry for every $25 monthly average balance in their Prize Savings Accounts. The greater the savings, the greater the chance a member has of winning. Each month, drawings are held for prizes including $1,000 cash awards. At the conclusion of each year, a $25,000 Grand Prize winner is drawn. And the newly added $10,000 prize is designed to encourage members to keep saving year-round.