For Lynn Ylitalo, a simple click on her credit unionâ€™s website turned into $10,000.
Ylitalo is the grand prize winner of the â€œOwn Your Moneyâ€ sweepstakes and will receive the $10,000 prize today at Ishpeming Community Federal Credit Unionâ€™s main branch in Ishpeming.
â€œI was just doing my usual business on my credit unionâ€™s website, when I saw the link to enter the sweepstakes, but I never actually thought Iâ€™d win,â€ said Ylitalo, 49, of Champion. â€œWith one child already in college, one about to begin college, and another not far behind, this prize is truly life-changing. It means the world to be able to contribute to my childrenâ€™s education, and I owe it all to my credit union.â€
â€œMichigan credit unions are always looking for innovative and fun ways to give back to our members, and this sweepstakes is yet another example of our commitment to the families we serve,â€ David Adams, CEO of the Michigan Credit Union League & Affiliates said. â€œBecause they are part of not-for-profit cooperatives, credit union members truly do own their money, and they reap the rewards with better rates on savings and loans, fewer fees, and in cases like this, grand prizes.â€
â€œWe were thrilled to find out one of our members was the big winner,â€ George Isola, General Manager of Ishpeming Community Federal Credit Union said. â€œThis is the perfect example of credit unions doing what they do best.â€
The sweepstakes was part of a statewide campaign aimed at raising awareness of Michigan credit unions which also included the launch of a new destination for Michigan credit union information, CU Link, which can be found at www.creditunionlink.org.
Ylitaloâ€™s name was drawn at random from over 32,000 entries in the online sweepstakes that ran from May 14-June 27 at www.creditunionlink.org. Credit union members and non-members alike were invited to watch a video about credit unions to be entered into the drawing for a $10,000 grand prize. Many credit unions, including Ishpeming Community Federal Credit Union, also had direct links to the sweepstakes on their websites. In addition to the $10,000 grand prize, more than a thousand instant prizes worth a total of $20,000 were awarded.
Michigan credit unions recently awarded $700 to another member who was the winner of the first of three promotions on the CU Link Facebook page. The current sweepstakes, â€œWhat would you do with $1,240?â€ runs through Sept. 23, 2012, when one lucky credit union member will win $1,240. This sweepstakes highlights another benefit of credit union membership: lower auto loan rates which can save members an average of $1,240 over the course of a loan. The CU Link Facebook page can be found at: https://www.facebook.com/CreditUnionLink