SAN FRANCISCO – Twenty credit unions from across the country have been selected to participate in SaveUp (
Participating CUs will distribute their own customized version of SaveUp to their members, and will work with the Filene Research Institute to track usage, monitor member feedback and compile the results of the project. Consumers who use SaveUp are rewarded each time they contribute to savings or retirement accounts, pay down credit cards or other loans, or utilize SaveUp’s financial education materials. Users earn credits that can be redeemed for prizes (or the opportunity to win prizes) from brands such as Virgin America, TurboTax and Banana Republic.
Since its launch in November, users have deposited more than $29.5 million in savings and paid down more than $25 million in debt.
Participating credit unions include Xceed Financial CU, El Segundo, Calif.; CU of the Rockies, Golden, Colo.; Eli Lilly FCU, Indianapolis; Frankenmuth CU, Frankenmuth, Mich.; Arsenal CU, Arnold, Mo.; St. Mary’s Bank, Manchester, N.H.; Northeast CU, Portsmouth, N.H.; Southwest FCU, Albuquerque, N.M.; GPO FCU, New Hartford, N.Y.; Oregon Employees FCU, Salem, Ore.; Providence FCU, Milwaukie, Ore.; Neighborhood CU, Dallas; Belvoir FCU, Woodbridge, Va.; Summit CU, Madison, Wis.; and, Fox Communities CU, Appleton, Wis.
