Common use of PRIZE ELIGIBILITY Clause in Contracts

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Credit Union drawings, are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's regular share account. Prizes will not be deposited into the account holder's WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's contact to member, any prize winnings will automatically be deposited into the winner's share account.

Appears in 2 contracts

Samples: www.affinityplus.org, www.affinityplus.org

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PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their the WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES PRIZES: All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Credit Union drawings, are cash prizes and may will be accepted by the winner in the form of cash, credit union check, or deposited into the winner's regular share ’s WSA account. Prizes will not Prize winnings may be deposited into withdrawn from the account holder's WSAmember’s account, in the month they are awarded, without penalty, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into in the WSA account. If a winner does not claim their prize All winners will be selected from among all eligible participants in another manner the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter-end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from credit union within 30 days of credit union's contact time to membertime. Winners will be notified via telephone, any prize email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will automatically be deposited into reported as income on 1099 form. Xxxxxx X’Xxx Credit Union will provide this form to its members who have received a prize from the winner's share accountdrawing that meets or exceeds the regulations for reporting in adherence to the MA state tax laws.

Appears in 2 contracts

Samples: Participation Agreement, www.jdcu.org

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their the WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES PRIZES: All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Credit Union drawings, are cash prizes and may will be accepted by the winner in the form of cash, credit union check, or deposited into the winner's regular share ’s WSA account. Prizes will not Prize winnings may be deposited into withdrawn from the account holder's WSAmember’s account, in the month they are awarded, without penalty, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into in the WSA account. If a winner does not claim their prize All winners will be selected from among all eligible participants in another manner the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter-end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from credit union within 30 days of credit union's contact time to membertime. Winners will be notified via telephone, any prize email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will automatically be deposited into reported as income on 1099 MISC form. Xxxxxx X’Xxx Credit Union will provide this form to its members who have received a prize from the winner's share accountdrawing that meets or exceeds the regulations for reporting in adherence to the MA state tax laws.

Appears in 1 contract

Samples: www.jdcu.org

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the stateDel-wide prize drawings and prizes from the Affinity Plus One Federal Credit Union drawings, Drawings are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA accountWSA. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account. All winners from the Del-One Federal Credit Union Drawings will be selected from among all eligible participants in the drawing pool. Drawings will occur on or about the 15th of each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will be reported as income on IRS 1099 form. Credit union is responsible for providing this form to its members who have received a prize from the Del-One Federal Credit Union Drawing. Amounts for the Del-One Federal Credit Union Prizes are listed below: $50 25 Monthly Drawings $500 3 Quarterly Drawings $1,000 3 Annual Drawings CHANCE OF WINNING Actual odds of winning are based upon the number of eligible entries received. Each eligible entry shall have a chance of winning a Del-One Federal Credit Union prize that is equal to that of all other entries in the drawing. PRIZE AND PROGRAM ADMINISTRATION WINcentive entries and prize drawings are submitted to and conducted by the TruLync, an affiliate of the Minnesota Credit Union Network (MnCUN), a non-profit credit union trade association for Minnesota’s credit unions (collectively with Credit Union, “the parties”). PRIVACY & DATA PRIVACY To participate in the prize drawings, the primary account holder’s social security number, as well as other personally identifiable information, is transmitted by Credit Union via a secure data sharing process and then encrypted. The new unique identifier is used by MnIPC for drawing and reporting purposes. The data file will be deleted by MnIPC as soon as it is imported and is not stored on any third party system or accessible by third party administrators.

Appears in 1 contract

Samples: www.del-one.org

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Teamsters Credit Union drawings, Drawings are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account. An estimated $75,000 in prizes will be distributed for the state-wide drawing during the entirety of 2018, which is subject to change. All drawings and prize amounts will be listed and updated from time to time on xxx.xxxxxxxxxxxxxxxxx.xxx. All winners and winners from the Teamsters Credit Union Drawings will be selected from among all eligible participants in the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will be reported as income on IRS 1099 form. Each credit union is responsible for providing this form to its members who have received a prize from the state-wide, or central, drawing and/or a Prize from the Teamsters Credit Union Drawing. Amounts for the Teamsters Credit Union Prizes are listed below. Teamsters Credit Union will also hold additional prize drawings only for its membership totaling $400.00/annually with prizes each quarter awarded to winning members as follows: 2 winning entries will be randomly selected to receive a $50.00 cash prize Teamsters Credit Union member-only prize pool entries are limited to: a maximum of four (4) entries per month per member; a maximum number of twelve (12) entries per quarter per member; a maximum number of forty-eight (48) entries per twelve (12) month savings period per member. A complete listing of the amounts and times of the state-wide, or central, prize drawings, will be listed on the xxx.xxxxxxxxxxxxxxxxx.xxx consumer website and periodically updated.

Appears in 1 contract

Samples: Participation Agreement

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide state‐wide prize drawings and prizes from the Affinity Plus Federal Accentra Credit Union drawings, Drawings are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account. An estimated $80,000 in prizes will be distributed for the state‐wide drawing during the entirety of 2018, which is subject to change. All drawings and prize amounts will be listed and updated from time to time on xxx.xxxxxxxxxxxxxxxxx.xxx. All winners and winners from the Accentra Credit Union drawings will be selected from among all eligible participants in the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non‐transferrable. Prize winnings will be reported as income on IRS 1099 form. Each credit union is responsible for providing this form to its members who have received a prize from the state‐wide, or central, drawing and/or a Prize from the Accentra Credit Union Drawing. Amounts for the Accentra Credit Union Prizes are listed below. Two quarterly prizes of $250 each, for an annual total of $2,000 in prizes. A complete listing of the amounts and times of the state‐wide, or central, prize drawings, will be listed on the xxx.xxxxxxxxxxxxxxxxx.xxx consumer website and periodically updated.

Appears in 1 contract

Samples: www.accentracu.org

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Teamsters Credit Union drawings, Drawings are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account. An estimated $80,000 in prizes will be distributed for the state-wide drawing during the entirety of 2018, which is subject to change. All drawings and prize amounts will be listed and updated from time to time on xxx.xxxxxxxxxxxxxxxxx.xxx. All winners and winners from the Teamsters Credit Union Drawings will be selected from among all eligible participants in the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will be reported as income on IRS 1099 form. Each credit union is responsible for providing this form to its members who have received a prize from the state-wide, or central, drawing and/or a Prize from the Teamsters Credit Union Drawing. Amounts for the Teamsters Credit Union Prizes are listed below. Teamsters Credit Union will also hold additional prize drawings only for its membership totaling $400.00/annually with prizes each quarter awarded to winning members as follows: 2 winning entries will be randomly selected to receive a $50.00 cash prize Teamsters Credit Union member-only prize pool entries are limited to: a maximum of four (4) entries per month per member; a maximum number of twelve (12) entries per quarter per member; a maximum number of forty-eight (48) entries per twelve (12) month savings period per member. A complete listing of the amounts and times of the state-wide, or central, prize drawings, will be listed on the xxx.xxxxxxxxxxxxxxxxx.xxx consumer website and periodically updated.

Appears in 1 contract

Samples: www.mnteamsterscu.com

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Credit Union drawings, are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize An estimated $6,500 in another manner prizes will be distributed between January 2019-January 2020, subject to change. All winners will be selected from credit union within 30 days among all eligible participants in the drawing pool. Drawings will occur on or about the 15th of credit union's contact each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to memberbe determined, any may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will be reported as income on IRS 1099 form. Credit Union Prize amounts for prize winnings are listed below. Ten (10) winning entries will automatically be deposited into randomly selected monthly to receive a $25 prize One (1) winning entry will be randomly selected quarterly to receive a $250 prize One (1) winning entry will be randomly selected annually to receive a $2,500 prize A complete listing of the winner's share accountamounts and times of prize drawings, will be listed on the xxx.xxxxxxxxxxxxxx.xxx consumer website and periodically updated.

Appears in 1 contract

Samples: www.cityofbostoncu.com

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PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus St Xxxx Federal Credit Union drawings, Drawings are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account.. An estimated $100,000 in prizes will be distributed for the state-wide drawing during the entirety of 2016, which is subject to change. All drawings and prize amounts will be listed and updated from time to time

Appears in 1 contract

Samples: stpaulfcu.org

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Credit Union drawings, are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account. An estimated $100,000 in prizes will be distributed for the state-wide drawing during the entirety of 2021, which is subject to change. All drawings and prize amounts will be listed and updated from time to time on xxx.xxxxxxxxxxxxxxxxx.xxx. All winners [and winners from the Affinity Plus Federal Credit Union Drawings] will be selected from among all eligible participants in the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will be reported as income on IRS 1099 form. Each credit union is responsible for providing this form to its members who have received a prize from the state-wide, or central, drawing and/or a Prize from the Affinity Plus Federal Credit Union Drawing. Amounts for the Affinity Plus Federal Credit Union Prizes are listed below. Five winning entries will be randomly selected monthly to receive a one-time $100 cash prize. Five winning entries will be randomly selected per calendar quarter to receive a one-time $500 cash prize. Ten winning entries will be randomly selected annually to receive a one-time $1,000 cash prize. A complete listing of the amounts and times of the state-wide, or central, prize drawings, will be listed on the xxx.xxxxxxxxxxxxxxxxx.xxx consumer website and periodically updated.

Appears in 1 contract

Samples: www.affinityplus.org

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal Teamsters Credit Union drawings, Drawings are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account. An estimated $100,000 in prizes will be distributed for the state-wide drawing during the entirety of 2021, which is subject to change. All drawings and prize amounts will be listed and updated from time to time on xxx.xxxxxxxxxxxxxxxxx.xxx. All winners and winners from the Teamsters Credit Union Drawings will be selected from among all eligible participants in the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will be reported as income on IRS 1099 form. Each credit union is responsible for providing this form to its members who have received a prize from the state-wide, or central, drawing and/or a Prize from the Teamsters Credit Union Drawing. Amounts for the Teamsters Credit Union Prizes are listed below. *1 winning entry will be randomly selected to receive a $50 cash prize monthly A complete listing of the amounts and times of the state-wide, or central, prize drawings, will be listed on the xxx.xxxxxxxxxxxxxxxxx.xxx consumer website and periodically updated.

Appears in 1 contract

Samples: www.mnteamsterscu.com

PRIZE ELIGIBILITY. For an account holder to be eligible to win a prize in a drawing, his/her/their WSA must be open and active at all times through the drawing period. For purposes of the WSA program, any member who holds a WSA account and becomes deceased is immediately disqualified from eligibility. An account holder is only eligible to win once per drawing pool; for example, an account holder, regardless of the number of entries, may only win one (1) monthly drawing per month, one (1) quarterly drawing per quarter, and (1) annual drawing per twelve (12) month savings period. If the WSA is owned by more than one member, only the primary member for the account is entitled to win a prize. Before receiving any prize, an account holder must confirm eligibility by verifying their identity with the credit union. If a member with a WSA is ineligible or becomes ineligible for the prize drawing, such member will continue to be the account holder but deposits to the account will not constitute qualifying entries for the prize pools. PRIZES All Prizes from the state-wide prize drawings and prizes from the Affinity Plus Federal West Metro Schools Credit Union drawings, Drawings are cash prizes and may be accepted by the winner in the form of cash, credit union check, or deposited into the winner's ’s regular share account. Prizes will not be deposited into the account holder's ’s WSA, however, account holder is encouraged to consider saving part of any prize winnings by making a subsequent deposit into the WSA account. If a winner does not claim their prize in another manner from credit union within 30 days of credit union's ’s contact to member, any prize winnings will automatically be deposited into the winner's ’s share account. An estimated $75,000 in prizes will be distributed for the state-wide drawing during the entirety of 2017, which is subject to change. All drawings and prize amounts will be listed and updated from time to time on xxx.xxxxxxxxxxxxxxxxx.xxx. All winners and winners from the West Metro Schools Credit Union Drawings will be selected from among all eligible participants in the drawing pool. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month, quarter end, and/or year for which valid entries will be determined. Additional special drawings, in amounts to be determined, may be announced from time to time. Winners will be notified via telephone, email, or standard USPS mail. Prizes are non-transferrable. Prize winnings will be reported as income on IRS 1099 form. Each credit union is responsible for providing this form to its members who have received a prize from the state-wide, or central, drawing and/or a Prize from the West Metro Schools Credit Union Drawing. Amounts for the West Metro Schools Credit Union Prizes are listed below. *$50 prize per quarter will be given from West Metro Schools Credit Union A complete listing of the amounts and times of the state-wide, or central, prize drawings, will be listed on the xxx.xxxxxxxxxxxxxxxxx.xxx consumer website and periodically updated.

Appears in 1 contract

Samples: westmetroschoolscu.org

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