Many Americans struggle with being caught in a cycle of living paycheck to paycheck. Debt becomes a term associated with fear and anxiety, and savings can seem like an unreachable dream. eCO Credit Union wants to help members and the community break the cycle and live a life of financial peace.
During the first eCO Savings Race, eCO Credit Union helped four individuals begin the process of improving their finances. After eight months of education, coaching, and sacrifices, participants improved their financial pictures by more than $44,000!
As the Second Edition of the eCO Savings Race begins, the four Savings Race families are excited and ready to improve their financial pictures. Each family will be paired with two eCO coaches to form a team. Teams will work together to create strategies and goals to improve the families’ financial pictures. All Savings Race families will complete the Dave Ramsey’s Financial Peace University program and attend eCO Savings Race University courses. Throughout the journey, they will post updates to the Savings Race site to keep the public updated on their savings progress. CBS 42 will also follow the families, providing regular updates and sharing practical tips from the teams.
After eight months, the winner of the eCO Savings Race will be declared! Along with healthier finances, the winner will also receive the $10,000 GRAND PRIZE! All runner-up teams will receive $2,000 just for participating.
How can you be a part of the eCO Savings Race?
We want you to be a part of the eCO Savings Race too!
eCO Savings Race University
Throughout the eCO Savings Race, we will be hosting FREE eCO Education Seminars. Seminars are open to the public and are a great way to learn practical ways to improve your financial picture.
eCO Savings Mini-Races
eCO Savings Race Mini-Races are a great way to look at ways to improve your finances! All MiniRace activities are designed to help you have fun while improving your financial picture.
Follow Along on CBS 42
Follow the eCO Savings Race teams’ progress on CBS 42. Participants will be featured in the 10 o’clock news on Sundays and during Wake Up Alabama on Mondays between 4:30 and 7 a.m. 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.
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.