Brown’s Bill Allowing for Savings Promotions Raffles Gains Support of the Pennsylvania Credit Union Association
HARRISBURG – As a member of the House Majority Policy Committee’s initiative to combat poverty in Pennsylvania, Rep. Rosemary Brown (R-Monroe/Pike) is continuing her efforts to authorize and regulate savings promotion raffles in the state.

“Savings promotions raffles are financial products offered by banks or credit unions that give depositors a chance to win prizes as they build savings,” Brown explained. “These financial products are sometimes called ‘no-lose lotteries’ because the depositor’s balance is never at risk.”

The Pennsylvania Credit Union Association (PCUA) recently voiced its support for Brown’s bill.

“The purpose of this program is to encourage families across Pennsylvania to develop strong saving habits and establish rainy day funds,” Brown added. “Having established savings can allow a family to handle unforeseen expenses, including job loss or an unexpected bill without resorting to borrowing.”

Studies have confirmed that nearly half of American households (44 percent) have insufficient savings to cover three months of expenses. A quarter of households earning between $55,465 and $90,000 also lack this financial cushion, Brown explained. Further, approximately nine million American households are unbanked, meaning they do not have any accounts at a bank or credit union.

Currently, 10 other states in the U.S. operate similar programs to the one Brown is working to establish in Pennsylvania. Participants in those states have mostly shown signs of positive improvement, including a 35 percent increase in fund balances, on average, she noted.

Each credit union would create its own program. This plan would be implemented at no cost to the Commonwealth, as the legislation would authorize the credit unions to provide the raffles, and the funds for the prizes would come from those establishments.

Brown plans to reintroduce this measure in the 2015-16 legislative session.

For more information about Brown’s plan to establish savings promotions raffles, or any state-related issue, contact her district office in East Stroudsburg located at 696 Seven Bridge Road, Suite 101, East Stroudsburg, by calling 570-420-8301. Information on current legislation can also be found on and

Representative Rosemary M. Brown
189th District
Pennsylvania House of Representatives

Media Contact: Krisinda Corbin
717.705.2032 /