LOUISE NESTOR
LOTTERY QUIZ
What percentage of adults play the lottery?
57%
How much is spent on lottery annually?
$78 Billion
How much lottery revenue comes from players with
incomes less than $50,000 per year?
80%
Information sourced from the 2010 Prize Linked Savings Report by Doorway to Dreams and Filene Research Institute.
US lottery data is from 2012.
WHAT IS SAVE TO WIN?

A prize-linked 12-month share certificate (CD)

Offers the thrill of playing the lottery, except:

Unlike lotteries, no money is at risk

Instead, money is saved and earns interest (.45%)

Prize drawing entries are based on number of deposits

Prizes are paid to lucky members, but EVERYONE wins
DEPOSITS = ENTRIES = CHANCES TO WIN

For every $25 in month-over-month balance increase,
members receive one entry into the monthly and quarterly
drawings

Ongoing deposits - No minimum or maximum deposits

There is a maximum of 10 entries per month

One withdrawal is allowed per 12 month term ($25 penalty)

Members can win multiple times and in consecutive
months!
PRIZES
Prizes
Monthly
Quarterly
Total
# of Winners
Prize Amount
Total Winners
Total Prizes
150
$25
1,800
$45,000
1
$5,000
4
$20,000
5
$1,000
20
$20,000
10
$500
40
$20,000
150 per M /
16 per Q
n/a
1,864
$105,000
ELIGIBILITY & REQUIREMENTS

Account holders must be at least 18 years of age

Must be a legal resident of CT

Must be a member in good standing

Accounts must be open through the drawing period to be
eligible for prizes

Only one account allowed per person per credit union

Not available for business or trust accounts

Cannot be an employee, or immediate relative of one
WIIFM
What’s in it for me??

Save to Win offers the excitement of the lottery without
the risk

You keep all the money saved throughout the year,
plus earn interest

Unlimited deposits allow you to set up a strong savings
plan

150 members have the chance to win $25 monthly
prizes plus quarterly prizes ranging from $500 - $5,000!
CONNEX WINNERS
SECOND CHANCE CHECKING
SECOND CHANCE CHECKING

For individuals who may be held back from opening a
checking account due to past credit or account
management problems

Provides access to Connex services, including Online and
Mobile Banking, to manage account 24/7

Accounts in good standing for at least 12 months can
upgrade to Unbank or Your Choice Checking
SECOND CHANCE CHECKING

No minimum balance

FREE access to Online Banking, Bill Payment and Mobile
Banking

Write checks and use VISA Debit Card at ATM and retail
locations

Receive FREE Smart Score credit score range updates
every 6 months

Fees: $10 annual debit card fee
$15 monthly fee
CREDIT BUILDER LOAN
CREDIT BUILDER LOAN
Designed to help members establish or boost a credit profile

Loan amounts $1,000 to $2,000

12 – 24 month terms; 9.99% APR

Loan funds are deposited in interest-bearing savings
account

At maturity, member can take loan proceeds + interest
earned. They can also work with a Financial Advocate to
use funds to help reach other financial goals
CREDIT BUILDER LOAN - REQUIREMENTS

Must be 18 or older

Financial education is required through Advocacy process
and online training courses

Minimum 2 years employment

No charge offs, foreclosures, delinquencies or collection
action in past 12 months

Cannot have caused Connex a loss
EQUITY BUILDER PROGRAM
EQUITY BUILDER PROGRAM

Assists eligible homebuyers with up to $11,000 in downpayment and closing costs

Grant funds available on a first-come, first-served basis

Available to households with incomes at or below 80
percent of HUD Area Median Income based on property
location

Recipient must attend homebuyer education/ counseling
program
EQUITY BUILDER PROGRAM

Connex had one member receive grant funds in 2016.

We have been approved to offer the program again in
2017, which started March 27
CONNEX CREDIT UNION
Improving the lives of our members…One member at a time.
BRANFORD
620 WEST MAIN STREET
GUILFORD
849 BOSTON POST ROAD
HAMDEN
2100 DIXWELL AVENUE
MERIDEN
533 S. BROAD STREET
ORANGE
212 BOSTON POST ROAD
NEW HAVEN
2 WHITNEY AVE
NORTH HAVEN - HQ
412 WASHINGTON AVENUE