SESLOC Celebrates $50,000 in Save to Win Prizes to Members

It’s no secret that members save more with SESLOC. But did you know that members can win more by building their long-term savings?

We’re celebrating a major milestone in helping our members achieve their financial goals. Since launching the 12-month Save to Win Share Certificate¹ in November 2019, nearly 800 SESLOC members have won a combined $50,000 by opening an account with at least $25!

The 12-month Save to Win Share Certificate is unlike any other savings account found on the Central Coast. After opening an account, members can earn entries into monthly and quarterly drawings² with every $25 deposit, up to 100 entries per month. For example:

• $50 in deposits by the end of the month earns two entries
• A $500 deposit balance increase before the month’s end earns 20 entries
• $3,500 in deposits over a month earns the maximum 100 entries
• All monthly entries count towards the next quarterly drawing.

At least two SESLOC members with a 12-month Save to Win Share Certificate win $25 each month and have an opportunity to win up to $1,000 awarded to members among all participating credit unions¹. The quarterly drawing offers even more: One member will win $500, while every entry among members in all participating credit unions has a chance to win as much as $5,000.

When it comes to big wins, SESLOC members are among the luckiest nationwide. In 2024, one member won the quarterly grand prize of $5,000, while another literally jumped for joy when he found out he was a $1,000 winner. And in just one month, 26 SESLOC members won a total of $7,300 in prizes just for boosting their savings.

Even if they don’t get one of the many monthly or quarterly prizes, everyone who opens an account is a winner! Funds saved in 12-month Save to Win Share Certificates earn dividends on their deposits, helping their money grow month over month.

The 12-month Save to Win Share Certificate is just one way we’re helping our members reach their financial goals, such as down payments, higher education expenses, paying taxes, or taking that big vacation. The additional chance to win in monthly and quarterly prize drawings can give you the boost you need to make your plans come together. What could you do with an extra $5,000 in your account?

To learn more about the 12-month Save to Win Share Certificate or to open your account, visit your local SESLOC branch or visit our website to get started.

1. Limit one Save to Win 12-month Share Certificate per consumer member. The account is not available to businesses, including sole proprietors, trusts and organizations. Consumer members must be 18 years or older and a resident of California to participate in the Save to Win Savings Promotion. No purchase necessary. 12-month Share Certificate account will automatically renew upon maturity. Early withdrawal incurs a penalty fee, with a limit of one withdrawal per 12-month term. Must maintain an average daily balance of $25.00 for the account to remain open. Winners agree to permit SESLOC CU to use their likeness in promotional or their materials. Membership in good standing required for all Credit Union benefits. See the Member Account Agreement and Disclosure and Fee Schedule for additional terms, conditions and fees that apply to your account. Refer to SESLOC CU Save to Win Savings Promotion Official Account and Prize Entry Rules for additional terms, conditions, eligibility and restrictions that may apply.

2. Monthly drawings are held on the 14th of each month. Quarterly drawings are held on the 14th of April, July, October and January. Winners are notified within two business days of each drawing.