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About American First Credit Union
What is American First Credit Union?

American First Credit Union is a financial institution that offers savings accounts, checking plans, loans and other financial services. It was established in 1952 and today offers competitive products and unwavering personalized service.

To learn more about who we are and how we can help you achieve your financial goals (whatever they may be), visit our Get To Know Us page.

About Big Prize Savings
What is required to open this account?

Must be 18 years of age or older with valid ID to open a Big Prize Savings account. Minimum opening deposit is $25 and account must keep a minimum average monthly daily balance of $500 to earn big prize entries.

Exclusions apply for business accounts, irrevocable trusts, AFCU employees, Board Members, Supervisory Committee members, and their immediate family. Immediate family includes spouse, parents, grandparents, children, siblings, and each of their spouses. Persons living in the same household of immediate family, whether related or not related, are also not eligible to receive entries.

Are there any fees?

No! Our goal is to help you build a better habit of saving. Therefore, there are no risks or fees to save better and win bigger.

How can I open a Big Prize Savings account?

For convenience, a Big Prize Saving account can be opened through our online form or by calling 800.290.1112. Or if a branch is more convenient, we’d be happy to help you through the easy process at any of our branches.

Paper applications are available here or applications for more than one kind of account are available here .

Can I withdraw money from this account?

Yes, you can withdraw money from your Big Prize Savings account at any time and you also have the option to withdraw all your money and close the account without being assessed a fee. Closed accounts are not eligible for prize drawings.

Can I open more than one Big Prize Savings account?

Yes, there is no limit on the number of accounts and no maximum balance in each account.

About the contest & winning
How many total prizes are there?

17 total prizes will be awarded per year. One prize of $1,000 per month (12), one prize of $10,000 every quarter (4), and one (1) annual grand prize of $50,000.

Quarterly entries determined by adding your monthly entries (for each calendar year) for the following:

– 1st Quarter: January – March
– 2nd Quarter: April – June
– 3rd Quarter: July – September
– 4th Quarter: October – December

Yearly entries are determined by adding your monthly entries for each calendar year:

– January – December (of same year)

How are my entries calculated?

A minimum of $500 average monthly daily balance is required each month to earn entries for that month. If your monthly balance is $499.99 or below for the month, your account will not be eligible for entries for the monthly prize drawing.

We calculate your entries by taking the total of each day’s balance for the period (one month) and dividing the total by the number of days in that period*.

*Example: The balance in the account each day is $500 from the beginning of the month. The month has 30 days. $500 daily balance x 30 days in one month= $15,000 total. Then divide this total by number of days in the month (30) to calculate the average monthly daily balance for one month: $15,000/30= $500 average daily balance. Then, you earn 1 entry for every $25 in monthly average daily balance, or $500 divided by $25. In this case, you’d earn 20 entries for the month!

You earn more chances to win by having a larger balance! A larger balance means more entries in the drawing. Even more good news, there’s no maximum limit to the deposits/balances you can enter.

Will my balance be rounded up?

If your average monthly daily balance is $499.99 or below for the month, your account will not be eligible for the prize drawing that month. The Credit Union will round down in the case of fractional entries.

How can I check how many entries I have?

Your entries will be emailed to you after each monthly period. Because the calculations are based on average monthly daily balance, we only calculate number of entries at month-end.

Is there a maximum number of entries?

No, there is no maximum savings amount or maximum number of entries. The more you save, the more chances you have to win BIG!

There is a minimum average monthly daily balance of $500 in the account to qualify to enter monthly prize drawings.

How are winners selected and notified?

Winners are selected at random from eligible entries within 14 days of the following month or year-end and announced on BigPrizeSavings.com. The winners will receive their prize as a deposit to their Big Prize Savings account when they contact the Credit Union to verify their identify with valid government issued ID.