- So, what are you saving for? A new laptop? An MP3 player? A family vacation? Want to pay down credit card debt? Americans have many things on their wish lists. We want to help you check them off.
- Members Credit Union's What are you saving for? Account is special in the way it approaches saving. First, it gives you all the tools you need to be able to meet your savings goal: a generous dividend rate, budgeting tools, a support network, and the financial expertise of one of America's finest financial institutions. Second, the What are you saving for? account gives out prizes - lots of prizes! Double your dividend rate, receive monthly chances to win at least $100, even compete for a $2,000 share certificate in the semi-annual Biggest Saver Contest - What are you saving for? makes saving fun! What does this mean to you? This means your savings goal is closer than you have ever imagined.
- So, how does it work? We thought you'd never ask! First, open a What are you saving for? Account at Members Credit Union. The application will ask you to state your savings goal. A Members Credit union representative will help you set up a savings regimen to meet that goal. You may also use the calculators at whatareyousavingfor.com to see how much you will need to save to meet your goal within a specified period of time.
Next, start making your budgeted deposits in your What are you saving for? Account. Any month in which you make deposits totaling at least $25.00 in your What are you saving for? Account, your dividend rate will be doubled. If you find yourself struggling to meet your monthly commitment to your savings goal, visit the What are you saving for? blog for encouragement, inspiration, or just to let some steam off. We encourage everyone to write as often as they like on the blog. This is your credit union. This is your forum!
- Each month, Members Credit Union will be giving away at least $100 in the What are you saving for? Sweepstakes. For every $25 in average daily balance you have in your What are you saving for? Account, you will receive one chance to win either $100 or the number of What are you saving for? accounts opened during that month (multiplied by $1.00), whichever is greater. The more you save, the more chances you have to win. The more friends, co-workers, and family you encourage to participate, the bigger the prizes. You can keep track of how many accounts have been opened with the WAYSFMeter, which will be displayed at memcu.com
- A What are you saving for? Biggest Saver selection committee will be monitoring comments/posts on the What are you saving for? blog to identify those savers who are most passionate about their mission. Finalists will be selected by the Biggest Saver nominating committee based on posts/comments written on the blog, enthusiasm in setting and reaching a particular savings goal, the degree to which a systematic savings routine has been developed to meet that goal, and cost savings due to budgeting and/or reductions in spending. When selected, finalists will produce video clips, comments, and posts on the What are you saving for? blog to encourage the What are you saving for? community to vote for them as the Biggest Saver. The Biggest Saver will win a $2,000 60-month Share Certificate. Not bad, eh? Think you have what it takes to be MCU's Biggest Saver? If so, start saving and blogging!