Finances play a major role in every adult’s life. As eCO Credit Union saw a greater need for financial education in the community, we sought to meet the need. In 2012, eCO launched the first eCO Savings Race. During the first race four individuals improved their financial picture by more than $44,000 and gained knowledge they can use for the rest of their lives. The Second Edition of the eCO Savings Race was also a tremendous success. The three families that participated improved their financial pictures by more than $75,000 and taught many others what they were learning along the way.
We are excited to host the Third Edition of the eCO Savings Race. After receiving a record number of applications, we have four teams ready to improve their financial pictures and share their journey. Each team is made up of a family or individual and two coaches from eCO Credit Union’s staff. Coaches help their team set goals, create a budget, and hold them accountable. Throughout the race, WIAT 42 follows the progress and features teams weekly during the 6 o’clock news on Monday evenings and during Wake Up Alabama on Tuesday mornings. Teams complete Dave Ramsey’s Financial Peace University and attend eCO Savings Race University Seminars. They also share their progress through blogs, video blogs, and social media outlets.
Of course, the eCO Savings Race wouldn’t be complete without a little friendly competition. The four teams are also contending for the Grand Prize of $10,000. The winner will be determined based on public vote and a committee from WIAT 42 and eCO Credit Union. No one will walk away empty handed, though. Along with improved finances, all other families will receive $2,000 each just for being a part of the race.
We want you to be a part of the eCO Savings Race too!
There are many ways you can be a part of the Third Edition of the eCO Savings Race:
eCO Savings Race Mini-Races are a great way to begin improving your finances! All Mini-Race activities are designed to help you have fun while helping your financial picture. Click here [link to Mini-Race page] to download the Mini-Race checklist and to begin your own Savings Race!
Every Mini-Racer who earns 100 points or more will receive $25. For every 25 points you earn, your name will be entered in a drawing for the Mini-Race Grand Prize in your race! Just for Youth! Mini-Races and eCO Savings Race Mini Races each have a $1,000 Grand Prize.
Throughout the eCO Savings Race, we host free eCO Education Seminars. Seminars are open to the public and are a great way to learn practical ways to improve your financial picture. Click here to find seminar dates, locations, and topics.
Follow the eCO Savings Race teams’ progress on WIAT 42. Participants will be featured during the 6 o’clock news on Monday nights and Wake Up Alabama on Tuesday mornings. As you see how they are changing their lifestyle to increase savings and reduce debt, you’ll learn practical ways to improve your finances too! Click here to catch up on past features.
Throughout the Savings Race, each team maintains a Facebook page to keep the public updated on their progress. Like your favorite team’s Facebook and learn more ways to improve your financial picture.
Let your voice be heard, and vote for your favorite Savings Race Team! The public can vote for their favorite team once every 24-hours! It’s your chance to give your favorite family an extra boost in the competition. Your vote will play a major part in determining the winner of the $10,000 eCO Savings Race Grand Prize. Click here to vote for your favorite team!