Win prizes, save money, have fun!

SC Telco Federal Credit UnionSM is the first financial institution in South Carolina to offer Save To Win, an exciting new savings program that allows members to save money and earn dividends while also getting the chance to win even more money.

Save To Win is a multi-state initiative created to encourage savings!


How It Works

Open a Save To Win 12-month share certificate for as little as $25 to be entered into the drawing. For every $25 a member deposits, they’ll receive another entry into the drawing (up to 10 entries per month). Members earn competitive dividends on deposits and are also entered into multi-state drawings where members of credit unions across multiple states win monthly and quarterly prizes ranging from $25 to $5,000!

SC Telco has already had one national winner of $1,000, so open your account today!

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Frequently Asked Questions

Save to Win is a prize-linked savings share certificate account that offers the chance to win prizes in addition to earning regular dividends. It requires a small opening deposit of $25 and allows unlimited number of deposits during the 12-month term; unless your credit union chooses to cap the deposits (refer to your credit union’s Official Rules or Truth in Savings Disclosure for details).

The goal of the Save to Win account is to foster a regular habit of saving among accountholders. The more one saves (up to $250 per month); the more opportunity one has to win. For every $25 deposit, an accountholder earns one entry into the monthly and quarterly prize drawings. There is no minimum number of deposits required, but there is a maximum of 10 entries per month/30 entries per quarter per member.

Account holders must be a member of a participating credit union. To search for participating credit unions near you, use the credit union finder at the top of and select the dropdown for your state and the county near you.

In order to participate in the raffle and be eligible to win prizes, your account must be open through the drawing period and all participants must be at least of sufficient age to enter into a binding contract (18 in most states), a resident of a state in which the principal place of business of one or more participating credit unions is located and be a member with a regular share account (the account which qualifies the individual for membership), in good standing in the participating credit union.

No. The rules state that the account is available only to members age 18 or older. Children may not be primary or joint accountholders on a Save to Win account.

Credit union employees and board members are not eligible to receive central drawing prizes (this includes joint ownership). Employees can participate in the optional credit union staff drawing and each credit union can make their own determination about family members having Save to Win accounts (refer to your credit union’s Official Rules for details).

No. A member is limited to one account per person per participating credit union. If a member opened an account at more than one participating credit union, the account that was opened first will be the only one that they receive drawing entries for. Members of the same household can each have one Save to Win account each, as long as they meet other eligibility requirements.

There is a $25 minimum balance requirement to keep the account open.

No, there are no monthly service fees for this account.

Yes. The Save to Win account needs to be kept open for 12 months. There are penalties for early withdrawal, including account closure.

Yes. Account holders are permitted to make one withdrawal during the 12-month certificate term for a $25 fee and must leave at least $25 in the account to keep it open. If a second withdrawal occurs, the account will be closed.

No, unless your credit union chooses to implement a higher penalty, which would be noted in their Truth and Savings Disclosure.

Accounts must be kept open through the drawing period in order for account holders to be eligible for prizes. For ex: the drawings are performed on the 14th day of each month for the previous month’s transactions. In order to be eligible for the current drawing, your account must be open through the last day of the previous month.

No. Save to Win is only available for personal accounts.

Each credit union may make this exception based on their current online account opening procedures. Contact your credit union to see if this is an option for their Save to Win account.

The Save to Win share certificate offers account holders the opportunity to win monthly and quarterly cash prizes from the central drawing. Click here for a complete list of prizes. Some credit unions also offer individual member drawings as well. Prizes vary by credit union (refer to your credit union’s Official Rules for details).

A member is limited to winning one central prize and one credit union prize per prize period unless otherwise stipulated in your credit union’s Official Rules. An individual member can win in multiple months/quarters and even in consecutive months/quarters.

Prize winnings will be deposited into the member regular share account. The member’s credit union will notify the winner within 14 days of month-end.

Yes, each winner is responsible for reporting and paying applicable state and federal taxes for monthly and quarterly prizes. Credit unions are required to send a 1099 form to any member who wins an amount over $10.

Members will receive one entry in the monthly drawing for every $25 increase in month over month balance, up to a maximum of 10 entries per month. Each monthly entry is also entered into the quarterly prize drawing, up to a maximum of 30 entries per quarter.

No. The number of entries is based on the increase in a member’s month-over-month balance. If a member deposits $100 in a given month then withdraws that amount in the same month, the member will not receive any entries for that drawing period.

Since there is no rounding up, the member would receive one entry for that month’s drawing.

Yes, accounts should be set up by your credit union to automatically renew after 12 months.

Members can withdrawal money from their Save to Win share certificate at maturity during their grace period without being assessed a penalty, as long as they leave at least $25 in the account to keep it open. Members also have the option to withdraw all of their money and close the account at this time without being assessed a penalty fee.

If a member withdraws more money than they deposit at maturity or anytime during the 12 month term, they will not earn entries for that drawing period. Entries are only earned when the month-over-month balance increases.

Credit unions can include a 6-month waiting period for members to open a new account after closure of another (refer to your credit union’s Official Rules for details).

Actual odds of winning are based upon the number of eligible entries received. For each eligible entry the chance of winning monthly or quarterly prizes is equal to that of all other entries in the raffle. If a credit union chooses to perform an optional member drawing, each eligible entry has a chance at winning monthly/quarterly prizes that are equal to that of all other entries in the raffle.

The more deposits you make, the more entries you will earn toward the monthly and quarterly drawings.

You can pick them up at your credit union’s branch or download a PDF on

SC Telco is not for profit; we’re for service.