Saemaul Geumgo Concludes Sales of 'MG Hope Sharing Baby Snake Installment Savings' to Support Overcoming Low Birth Rate

Installment Savings for Newborns Launched Last Year with Up to 12% Interest
Limited to 50,000 Accounts... Achieved 99.6% Sales Rate

The National Credit Union Federation of Korea announced on January 8 that its social contribution financial product, the "MG Hope Sharing Baby Snake Installment Savings," launched last year to support overcoming the low birth rate in the Year of the Snake, has successfully concluded sales.

The Baby Snake Installment Savings was a one-year fixed-term installment savings product, limited to 50,000 accounts. Sales were scheduled to end the day after 49,000 accounts had been sold. The product closed with a total of 49,803 accounts sold, achieving a 99.6% sales rate.

An official from the National Credit Union Federation of Korea stated, "Through the Baby Snake Installment Savings, contracts totaling 114.1 billion won were made, and at maturity this year, a total of 6.44 billion won in interest will be paid to subscribers."

Kim In, President of the National Credit Union Federation of Korea, said, "In 2026, we will continue our efforts to address social issues such as supporting newborns and revitalizing local businesses, and we plan to discover various support projects for a vibrant future for our society. As a local community financial institution, we will fulfill our responsibilities and roles to contribute to the formation of a sustainable community."

Meanwhile, the National Credit Union Federation of Korea also launched low birth rate support financial products, "Kkangchong Installment Savings" in 2023 and "Yongyong Installment Savings" in 2024, paying a total of 10.66 billion won in interest to 35,039 and 49,563 subscribers, respectively.