News & Events
Leonora Cacabelos of Bradford won $5,000 in the Westerly Community Credit Union Savings Challenge!
Westerly Community Credit Union recently announced that Leonora Cacabelos of Bradford RI won the $5000 Grand Prize in the Westerly Community Credit Union Savings Challenge.
The Grand Prize was unveiled at a Savings Challenge Finale held at the Credit Union’s Granite St. office in Westerly on January 17, 2013. Excitement was raised with drum rolls offered by Franklin Patton, drummer for the Westerly Band.
Leonora was very excited. When asked what she planned to do with the winnings, she replied, “It’s going right back into the Credit Union into my savings account. I opened this account so I could start to save and I like that I could open the CD with only $25.”
Leonora joined Westerly Community Credit Union after she moved to Rhode Island from Maine. In Maine she also used a credit union. She stated, “Credit Unions are good and the people are very friendly. I’ve had good experiences at Westerly Community Credit Union.”
The Credit Union’s Savings Challenge ran from Jan. 1st through Dec. 31st. The Credit Union started the program as a way to create good savings habits, by encouraging their members to open a Savings Challenge CD (with $25 min deposit) and adding to it throughout the year. Each deposit of $25 (up to 10 per month) entered them into quarterly drawings and the Grand Prize drawing for $5,000. Over 250 members took advantage of the opportunity and watched their savings grow over the year.
“Starting or building a savings account is a priority we have seen quite a bit lately with our members,” stated Steve White, President & CEO of Westerly Community Credit Union. “We find that if you start with even a little amount and consistently add to it - you can reach your goal.”
Although the contest has ended, the Savings Challenge CD will continue to be offered at Westerly Community Credit Union. This 12 month CD requires a minimum of $25 to open, and can be added to throughout the term.
To open this CD or for more information on Westerly Community Credit Union, please stop by any of our four branch locations in Westerly, Richmond or South Kingstown, call 401-596-7000 or visit us online at www.westerlyccu.com. Membership is open to anyone who works or lives in RI or New London County, CT and opens a Share Savings Account with $5.00.