Neighborhood Credit Union Surprises Member with $10K Prize Savings Reward

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Benefits of Credit Union Membership Demonstrated on International Credit Union Day

The credit union has always bent over backwards to help me and I appreciate it.

Unlike banks, credit unions exist solely to serve their members and improve their financial lives rather than to maximize corporate profit. This concept was demonstrated by Dallas-based Neighborhood Credit Union when it rewarded one of its lucky members with a $10,000 prize on International Credit Union Day.

Kelly Covington opened his apartment door Thursday morning to a group of Neighborhood Credit Union leaders anticipating the delivery of sports tickets, but was left utterly speechless after seeing a giant check in the amount of $10,000 with his name on it.

“Are you serious? I can’t even believe it,” Covington said in astonishment while grasping his face. “I don’t know what to say. I didn’t expect anything like this. This is such a surprise.”

Neighborhood Credit Union Senior Vice President Carolyn Jordan explained that Covington’s name had been drawn from the ranks of the credit union’s Prize Savings account holders for demonstrating exceptional saving habits.

“We appreciate the longtime relationship you’ve had with the credit union and hope your exceptional saving habits serve as an inspiration to others to see that saving money truly pays off in the future,” said Jordan. She explained that the $10,000 prize was a prime example truly exemplifying the credit union difference and a great way to celebrate International Credit Union Day in honor of there now being over 100 million credit union members across the globe.

Covington first joined the credit union in 1991 after being referred by a fellow postal coworker and member. His family has trusted the credit union with various loans and products throughout the years including the nationally known checking account, Kasasa Cash.

“We’ve always been able to depend on the credit union,” Covington said proudly. “The credit union has always bent over backwards to help me and I appreciate it.”

When asked what he might do with the unexpected cash, Covington noted that he had recently retired several years ago and that he plans to use the money in ongoing preparations for his future retirement home near Richland Chambers Lake.

View the video of the surprise delivery by clicking here.

How the Prize Savings Account works: Neighborhood Credit Union members receive one drawing entry for every $25 monthly average balance in their Prize Savings Accounts. The greater the savings, the greater the chance a member has of winning. Members are eligible for monthly $1,000 drawings and quarterly $10,000 drawings. At the conclusion of each year, a Grand Prize winner is drawn for the $25,000 jackpot based on the average monthly balance in the savings account at the close of business December 31.

About Neighborhood Credit Union: Neighborhood Credit Union, the oldest credit union in Dallas (chartered April 18, 1930), is a not-for-profit financial organization serving Dallas and Ellis counties, as well as the city of Arlington. With branches in Oak Cliff, North Dallas, Richardson, Arlington, Mesquite, Duncanville, Waxahachie, Lancaster, Grand Prairie, and now Coppell and assets topping $326 million; Neighborhood Credit Union has a membership of 32,000 and continues to welcome new members daily. For more information, call (214) 748-9393 or visit http://www.myncu.com.

About International Credit Union Day 2014: “Members Matter Most,” and that’s why credit unions around the globe are joining forces to show their members just how important they are. International Credit Union Day takes place on the third Thursday of every October. Learn more at http://www.woccu.org/events/icuday.

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Kristen L. Armstrong
Neighborhood Credit Union
(214) 748-9393 Ext: 1211
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