Savings Tracker Program Saves Members Over $36 Million in 7 Years
In 2016, 1st MidAmerica launched a program called Savings Tracker, aimed at tracking the amount of money members are saved just by doing their business at the credit union. While it's always the goal to save members money and do what's best for their financial situation, 2016 was the first year that a tracking system was implemented to see just how much money the credit union saves members.
Whether it's refinancing an auto loan and saving $3,000 over the course of the loan with a lower rate, or transferring a high balance credit card over to a 1st MidAmerica Platinum Visa with a lower rate and saving $1,000, team members logged their success stories and added to the growing total of money saved. At 2022 year-end, members saved over $36 million since the program began!
In 2021, Savings Tracker became an award-winning program. 1st MidAmerica Credit Union was recognized as a first place winner of the Louise Herring Award at the state level, by the Illinois Credit Union League, and as an honorable mention nationally, by the Credit Union National Association. The Louise Herring Award recognizes credit unions for putting the credit union philosophy of people helping people into action.
With tracking already in full swing for 2023, the hope is to save members even more money this year! Come in and see what we can save for you.