BEAVERTON, Ore. – First Tech CU is searching for families who want to earn a $10,000 reward for reversing their financial fortunes--with the help of the credit union.
Households in the Portland, Salem and Seattle areas are being urged to apply for the credit union’s savings contest, dubbed the U-Turn Challenge, at the website
The winners will be determined by which family achieves the most financial success in four pre-determined categories: debt reduction, savings increase, overall net worth increase, and overall level of participation. The First Tech-selected households will participate in the Challenge throughout 2009, documenting their financial successes and challenges via their own blogs at the U-Turn website.
All participating households will be assigned a team of First Tech financial experts who will help them get on the road to a better financial life and potentially win the competition. The team will focus on every aspect of the households' financial situation including budgeting, managing credit, home buying, paying for college, planning for retirement, insuring for the future, and more.
Participants must be: eligible to join First Tech; willing to publicly discuss their financial situation; have Internet access and be willing to blog; provide monthly reports on financial progress; and work with a First Tech team.
