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Northeast CU is fulfilling its its mission of enriching and nourishing the lives of others by awarding a member $5,000 towards their qualifying credit union loan.
The Northeast CU $5,000 For You Sweepstakes began January 23, 2023 and ran through the month of February. During this time, anyone who opened a qualifying loan at the credit union was automatically entered to win up to $5,000 towards the payment of a loan. The winner was randomly chosen on March 1 from over 100 entrants.
The $5,000 For You Sweepstakes stemmed from the aftermath of the pandemic. Erik Howden, Northeast CU’s Marketing Specialist, shared that, “Folks lost jobs, had hours reduced, or changed their spending habits, which in turn, made finances tight. With assistance programs set to run out, we wanted to ensure those people will have enough to manage their everyday expenses. Helping our members determine how they can pay down debt and save is incredibly important for their financial futures. Our sweepstakes enabled them to consolidate their finances and find ways to save and simplify.”
On March 29, employees gathered at the credit union’s Sanford branch to surprise member Jean Paul Arseneault with the exciting news that he was the grand prize winner. Upon arriving at the branch, he was presented with his giant, commemorative check and news of his win.
When asked how his consolidated loan and his new prize will impact his life, Arseneault said, “The loan is already saving me a couple hundred dollars each month, and now the added funds will help complete some needed home improvements.”