Libro announces Prosperity Challenge winner

For Immediate Release
Thursday, November 3, 2016

Libro Credit Union Announces Winner of the $10,000 Prosperity Challenge

LONDON/KITCHENER-WATERLOO, ON – Libro Credit Union (Libro) announced Kitchener-Waterloo resident Michael Schatz as the winner of the $10,000 Prosperity Challenge. Libro made the surprise announcement Wednesday at Michael’s workplace, Astron Specialty Metals in Waterloo.

Prosperity Challenge winner Michael Schatz of Waterloo receives a $10,000 cheque from Lynn Cameron, Libro Credit Union Williamsburg Branch Manager.

“I am the Libro Prosperity Challenge Winner!! I listed my goals and discussed them with Libro and for that privilege, I was given a chance of winning an amazing prize,” said Michael Schatz. “I can’t believe I won!! The money will be used to pay down my mortgage and go on a honeymoon. Thank you very much Libro Credit Union, you have given Anna and I a wonderful gift.”

Focused on growing prosperity in southwestern Ontario by transforming banking, Libro invited individuals, families and businesses to take the Prosperity Challenge. This challenge included the chance to enter a contest to win $10,000, after completing a Prosperity Plan, engaging in conversations with a Libro Coach and demonstrating progress in achieving the plan’s goals.

More than 1,700 customer-Owners took part in the challenge, between September 2015 and September 2016. Owners expressed the top three goals as beginning and sustaining a savings plan, reducing debt and planning for retirement.

When asked about the “must do” elements for achieving financial well-being, Owners shared they must set aside money, reduce debt stress and focus on their personal wellness.


About Libro Credit Union

Libro is Ontario's third largest credit union with $4 billion in assets under administration and more than 103,000 Owners across southwestern Ontario and has been recognized as a 2016 & 2017 Platinum Level Aon Best Employer in Canada. As a co-operative financial institution with more than 70 years of history, Libro supports the well-being of people, businesses and communities by providing high-quality financial coaching and profit sharing. Libro is proud to support The Prosperity Prowject, which aims to grow prosperity in southwestern Ontario by mobilizing and inspiring collaboration, strengthening the financial health of people, families and businesses, and investing in our communities to help the region prosper together. Libro offers a full range of financial products and services for consumers, businesses and farms, including savings and chequing, investing, and borrowing. Great service can be experienced through 31 branches, online, telephone, mobile devices and a network of 4,000 ATMs across Canada.

For further information or to set-up an interview, please contact:

Mike Donachie, Communications Manager
Libro Credit Union
P: 519-672-0130 ext. 4344
Mike.Donachie@libro.ca