Northeast Credit Union Awards $5K in Debt Consolidation Sweepstakes

Northeast Credit Union fulfilled its mission of enriching and nourishing the lives of others by awarding a member $5,000 towards their qualifying Northeast loan.

The “Northeast CU $5,000 For You“ Sweepstakes began January 23, 2023 and ran through the month of February, during which time, anyone who opened a qualifying loan at Northeast was automatically entered to win up to $5,000 towards the payment of a loan. The winner was randomly chosen on March 1st from over 100 entrants.

The $5,000 For You Sweepstakes stemmed from the aftermath of the pandemic. Northeast Marketing Specialist, Erik Howden, 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.” Erik added, “Our sweepstakes enabled them to consolidate their finances and find ways to save and simplify.”

On Wednesday, March 29th employees gathered at the credit union’s Sanford, Maine 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 the news of his win.

When asked how his consolidated loan and his new prize will impact his life, Jean Paul 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.”