125 North Fulton St. Ithaca, NY 14850
Phone: (607) 273-4611
Toll Free: (877) 273-AFCU      Contact

Alternatives Federal Credit Union launches cash prize savings program Lucky Savers!

What is Lucky Savers? 

It is a special Certificate at Alternatives that helps you build your savings while giving you a chance to win monthly and quarterly cash prizes! Every $25 deposit (with no limit to the amount you are able to deposit) into this account gets you a chance to win - up to 10 chances every month. Plus, all the money deposited into the Lucky Savers account is still yours and helps to build your savings. It's a win-win situation!
 
How do I open an account?
 
You can open a Lucky Savers account by visiting our convenient branch location. There are many ways to add money: Transfer through Online Access, Mobile Access, set up direct deposit or setup a scheduled transfer to increase your chance to win.
 
What are the prizes?
 
The real prize is the savings account you will build with regular deposits each month. To sweeten the pot, there are these prizes:



There are prizes awarded to members from all participating NYS credit unions:

Each $25 deposit gives you a chance to win prizes out of a total NYS prize pool of $38,000!



There is a total amount of prizes for the one year prize period which are distributed through monthly and quarterly prizes:

  • One winning entry will be randomly selected to receive a $5000 cash prize each quarter

  • One winning entry will be randomly selected to receive a $1000 cash prize each quarter

  • One winning entry will be randomly selected to receive a $500 cash prize each quarter.

  • Two winning entries will be randomly selected to receive a $100 cash prize each month.

  • Eight winning entries will be randomly selected to receive a $50 cash prize each month.

  • Sixteen winning entries will be randomly selected to each receive a $25 cash prize each month

There are prizes awarded to Alternatives FCU members only:

Each $25 deposit gives you a chance to win prizes out of a total prize pool of $3,200!

  • One winning entry will be randomly selected to receive a $200 cash prize each quarter,

  • One winning entry will be randomly selected to receive a $100 cash prize each month.

  • One winning entry will be randomly selected to receive a $50 cash prize each month.

  • Two winning entries will be randomly selected to each receive a $50 $25 cash prize each month.

You may win a NYS prize and an Alternatives FCU prize in the same month.



What are the requirements to open a Lucky Savers Certificate?

  • Must be 18 years of age or older

  • You must be an Alternatives Federal Credit Union member with accounts in good standing

  • Business and Trust accounts are not eligible for this account

What is a term deposit account?

A term deposit account is a special savings account. You earn a specified dividend if the term deposit account is held for the full term; in the case of Lucky Savers, the term is 12 months.
 
What's the dividend rate?
 
The current deposit rate is .3%
 
Why should I open a Lucky Savers account?

Because it's a win-win situation! You can win monthly and quarterly prizes, and with regular deposits into your Lucky Savers account, you are guaranteed to have money saved at the end of the year. Stop by today to talk with one of our Member Experience Associates to open your Lucky Savers account! Start saving for a rainy day. You have nothing to lose and everything to win.

Click here for official rules.



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Rima Shamieh

My IDA [Individual Development Account] experience was just incredible. I saved a few bucks every week and after a year, I had a savings account with $3,000 in it! And I'm glad that the MoneyWise class was required, because it really helped me develop a healthier relationship with money. So many of the skills I learned in class seemed so obvious, but I never thought/knew how to do them until we went over them in class. For example, tracking my spending made a HUGE difference in how I now spend money. Also, the exercises in the beginning when we explored our relationships with money - I discovered I'm a carefree, spirited, impulsive spender. It helps to put a name on things.

After accruing thousands of dollars in debt from student loans from when I was an undergraduate, I was determined to do all I could to stay out of debt for when I continued my education. The IDA really helped. I feel so much better prepared to build equity and save for my future. Thanks, Alternatives!


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