The Savings Revolution is like weight watchers for your wallet. It's a member oriented, member-driven, method for assisting members get out of debt and build wealth. It's like a reality TV show, where you get real people participating, their interaction and support, and individual planning. The Savings Revolution has two main components:

1. Savings Challenge. A Savings Challenge is an event in which selected members of your credit union compete toward achieving defined savings and debt reduction goals. The participant(s) most closely reaching or exceeding their financial goals win the competition and receives a prize. Ongoing monitoring of the participants’ progress via some sort of media interaction stimulates other members and consumers to check on the families’ progress. It also prompts them to think about taking the next step toward their own financial goals.

2. Savings Revolution. This mass nationwide implementation of setting financial goals and working toward them in concert with their fellow members is the Savings Revolution.  It assists with some sort of networking of members and gives them the ability to easily set their goals and monitor their progress toward them. It also allows members to actively share notes with their friends and families who face similar challenges and see how other people respond to those challenges.

MEMBER BENEFITS

Implementing Savings Revolution will result in a number of benefits for our members. Among them are:
1. Realizing how easy it is to establish a savings or debt reduction plan.
2. The peace of mind that comes from achieving a financial goal.
3. A support network made up of members with similar savings and debt reduction goals and challenges.
4. Learning from and sharing among members with similar goals, objectives, and challenges.
5. Having a resource that connects members and provides a platform for sharing; consolidates helpful tools and information; and provides a resource to help individuals track their goals and progress.
6. Being able to realize financial dreams such as buying a new home, paying for a child’s college, having enough money set aside for retirement.

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