LOUISE NESTOR Notes to instructor: Welcome participants to training and take attendance

Notes to instructor: Welcome participants to training and take attendance

LOTTERY QUIZ What percentage of adults play the lottery? 57% How much is spent on lottery annually? $78 Billion How much lottery revenue comes from players with incomes less than $50,000 per year? 80% Notes to instructor: Answers will display one by one on your click of the mouse. This is a great opportunity for interaction with your group. Allow the participants to guess answers before displaying. Information sourced from the 2010 Prize Linked Savings Report by Doorway to Dreams and Filene Research Institute. US lottery data is from 2012.

What is save to win? A prize-linked 12-month share certificate (CD) Offers the thrill of playing the lottery, except: Unlike lotteries, no money is at risk Instead, money is saved and earns interest (.45%) Prize drawing entries are based on number of deposits Prizes are paid to lucky members, but EVERYONE wins A CD is just a guarantee to keep the funds on deposit for a certain length of “time" and in return you'll get a guaranteed rate of return. Helps you cultivate the savings habit while also giving the chance to win cash Developed by national credit union and non-profit organizations in 2008 -Michigan was first state to pilot the program in 2009 and had over 11,000 accts opened in first year -CT fifth state to launch – Connex launched program in April -7 states now involved (NY, Nebraska, Washington, N. Carolina, Virginia)

Deposits = Entries = Chances to Win For every $25 in month-over-month balance increase, members receive one entry into the monthly and quarterly drawings Ongoing deposits - No minimum or maximum deposits There is a maximum of 10 entries per month One withdrawal is allowed per 12 month term ($25 penalty) Members can win multiple times and in consecutive months! Only 10 entries, but you can make unlimited deposits

PRIZES Monthly 150 $25 1,800 $45,000 Quarterly 1 $5,000 4 $20,000 5 # of Winners Prize Amount Total Winners Total Prizes Monthly 150 $25 1,800 $45,000 Quarterly 1 $5,000 4 $20,000 5 $1,000 20 10 $500 40 Total 150 per M / 16 per Q n/a 1,864 $105,000

Eligibility & requirements Account holders must be at least 18 years of age Must be a legal resident of CT Must be a member in good standing Accounts must be open through the drawing period to be eligible for prizes Only one account allowed per person per credit union Not available for business or trust accounts Cannot be an employee, or immediate relative of one Product is free to members Immediate relative = spouse or child, or anyone in the same household as employee STW facts: oldest member is 98, youngest is 18

wiifm What’s in it for me?? Save to Win offers the excitement of the lottery without the risk You keep all the money saved throughout the year, plus earn interest Unlimited deposits allow you to set up a strong savings plan 150 members have the chance to win $25 monthly prizes plus quarterly prizes ranging from $500 - $5,000! Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

Connex winners Two $500 winners and twenty one $25 winners to date! Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

SECOND CHANCE CHECKING Notes to instructor: Welcome participants to training and take attendance

SECOND CHANCE CHECKING For individuals who may be held back from opening a checking account due to past credit or account management problems Provides access to Connex services, including Online and Mobile Banking, to manage account 24/7 Accounts in good standing for at least 12 months can upgrade to Unbank or Your Choice Checking Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

SECOND CHANCE CHECKING No minimum balance FREE access to Online Banking, Bill Payment and Mobile Banking Write checks and use VISA Debit Card at ATM and retail locations Receive FREE Smart Score credit score range updates every 6 months Fees: $10 annual debit card fee $15 monthly fee Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

CREDIT BUILDER LOAN Notes to instructor: Welcome participants to training and take attendance

CREDIT BUILDER LOAN Designed to help members establish or boost a credit profile Loan amounts $1,000 to $2,000 12 – 24 month terms; 9.99% APR Loan funds are deposited in interest-bearing savings account At maturity, member can take loan proceeds + interest earned. They can also work with a Financial Advocate to use funds to help reach other financial goals Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

CREDIT BUILDER LOAN - requirements Must be 18 or older Financial education is required through Advocacy process and online training courses Minimum 2 years employment No charge offs, foreclosures, delinquencies or collection action in past 12 months Cannot have caused Connex a loss Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

EQUITY BUILDER PROGRAM Notes to instructor: Welcome participants to training and take attendance

EQUITY BUILDER PROGRAM Assists eligible homebuyers with up to $11,000 in down- payment and closing costs Grant funds available on a first-come, first-served basis Available to households with incomes at or below 80 percent of HUD Area Median Income based on property location Recipient must attend homebuyer education/ counseling program Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

EQUITY BUILDER PROGRAM Connex had one member receive grant funds in 2016. We have been approved to offer the program again in 2017, which started March 27 Talk about how Connex currently has 90+ accounts since launching in April All different ages and income levels Good for low income indiv’ls who normally may not have enough to open a CD account. That you have to come in to the branch to do transactions limits the temptation to use the money, and forfeit savings. Can’t easily touch money.

CONNEX CREDIT UNION Improving the lives of our members…One member at a time. BRANFORD 620 WEST MAIN STREET NEW HAVEN 2 WHITNEY AVE GUILFORD 849 BOSTON POST ROAD NORTH HAVEN - HQ 412 WASHINGTON AVENUE HAMDEN 2100 DIXWELL AVENUE Anyone who lives works or worships in New Haven, Hartford, Middlesex or Fairfield counties are eligible to open account. Can do it online or in-branch. MERIDEN 533 S. BROAD STREET ORANGE 212 BOSTON POST ROAD