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. 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.

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. 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