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Last year marked the 10th year of RAISE Texas and we celebrated with a successful 10th Anniversary Summit!  We would like to thank the over 170 people that took part in or attended our RAISE Texas 10th Anniversary Summit on December 5-6, 2018 at the Federal Reserve Bank of Dallas. The event was a success and we were excited to read the positive evaluations and to hear the great feedback from our network. Thank you for celebrating 10 wonderful years of RAISE Texas with us, and we hope that all of you will get involved in the working groups and engagement opportunities coming up this year.

 

Following the change in state legislation permitting prize-linked savings accounts in Texas, Cornerstone Credit Union League teamed up with CU Solutions Group (CUSG) to offer Save to Win. Beginning last fall, Cornerstone, the trade association for credit unions in Arkansas, Oklahoma, and Texas, now offers the program to credit unions and credit union members in the states of Arkansas and Texas.

 

Save to Win accounts promote healthy saving by qualifying account holders for monthly and quarterly cash prizes each time they make a $25 deposit. To date, the program nationally has helped members save approximately $180 million and has awarded more than $2.8 million in prizes.

 

As of January 1, there are five credit unions offering the program in Texas, with two more starting to offer the program over the next few months.  We are putting together a working group to help push these efforts forward in Texas.  Let us know if you are interested in joining the working group.