Family Finances

Prize-Linked Savings in Credit Unions: 2016

May 19, 2017  • Commonwealth

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In 2016, Prize-Linked Savings (PLS) products expanded rapidly, doubling the number of states with PLS products from 6 to 12. Two new branded products – Lucky Savers (LS) in New York and WINcentive Savings Accounts (WSA) from the Minnesota Credit Union Network – were launched. These new launches and the expansion of Save to Win (STW) led to over 3.3 M people now having access to PLS products. Learn more about the success of PLS in 2016.