Consumer Loan Promotion Prize Drawing Terms and Conditions

NO PURCHASE NECESSARY. A PURCHASE OR PAYMENT OF ANY KIND WILL NOT IMPROVE YOUR CHANCES OF WINNING.

Sponsor: Polish & Slavic Federal Credit Union, 100 McGuinness Blvd., Brooklyn, NY 11222

Promotional Period:  The promotion begins at 12:00:00 a.m. Eastern Daylight Time (EDT) on January 1, 2022 and ends at 11:59:59 p.m. EDT on February 15, 2022.

Eligibility: PSFCU members who are US persons at least 18 years old and apply, qualify and are approved for the PSFCU consumer loan including consumer, auto, motorcycle, boat, student or debt consolidation.  Lines of credit and Credit cards are excluded from this promotion.  Application must be received during promotional period to qualify.

Applicant must be PSFCU member in good standing e.g. must maintain at least $10 par value in his/her savings share account; his/her account(s) may not be currently overdrawn; account is active ; has had no 60 day loan delinquency in the last 12 months and caused no loss to the PSFCU.

PSFCU employees, volunteers and their immediate family (spouse, parents, siblings and children) and household members are not eligible to participate in the Drawing.

How to Enter: There are two ways to enter:

1.) Automatically: During the promotional period, each loan application received  within promotional period and later approved for the loan will count as one (1) entry to the weekly drawing.  Declined applications will not enter the drawing.

2.) Entry Form: Other individuals may also enter the drawing by filling out an entry form “Consumer Loan  Promo” available at every PSFCU branch.  The completed form must be received by the branch by Tuesday, February 15, 2021 at 6:59:50 EDT to be eligible for drawing.  Entry forms from members entering the drawing automatically will be disallowed. Void where prohibited.

There is a limit of one entry per member.

Prizes:  One (1) prize in the amount up to $4,500 will be drawn from all eligible entries.  The prize will be applied toward loan principal after funding of the loan. The amount of the prize cannot exceed outstanding loan balance.

Winner Selection: Winners will be randomly selected from among all eligible entries submitted during the Promotional Period.

No transfer or substitution of prizes by Prize Winner is permitted.

Drawing Procedure:  

1.) All eligible members will be compiled in an Excel spreadsheet, arranged by surname in alphabetical order, with an assigned unique identifying ordinal number matched to the name of each entrant.

2.) A copy of the list of participants will be provided to the Auditor for further verification of the drawing procedure. The list of entrants will be verified for eligibility prior to entering the drawing.

3.) The drawing will be carried out by generating random integer numbers within a range beginning with 1 and ending with the ordinal number for the last entry. Random numbers will be generated using a random number generator on the random.org Internet portal. For the purpose of the drawing, only a range of numbers and the amount of numbers to be generated will be entered into the portal. NO CONFIDENTIAL MEMBER INFORMATION WILL BE RELEASED TO THE PUBLIC DOMAIN DURING THE DRAWING PROCEDURE.

4.) The prize winner will be drawn – one (1) random number, followed by one (1) number for alternate winner should the original winner be unreachable or found ineligible.

5.) Drawing: two (2) randomly selected entries will be drawn for winner and alternate winner during the drawing held on or about March 25, 2022.

6.) Generated random numbers will be printed out during the drawing in duplicate, providing one set of prints to the Auditor for review purposes.

7.) Generated numbers will be matched to the names in Excel spreadsheets for the winner and alternate winner. The names will be double-checked for eligibility and then forwarded to the Auditor for verification. The Auditor will check the names and number against his drawing printouts and the Excel sheets provided to him/her prior to the drawing.

8.) Once the winner is approved by the Auditor, the winner will be notified by phone and mail.

Taxes: All federal, state, and local taxes, if any, are the sole responsibility of the Prize Winner. Prizes may be subject to the IRS reporting.

Restrictions: Employees, officers, and volunteers of the Polish & Slavic FCU and its affiliates, and their immediate family members and persons residing in the same household, are excluded from participating in the Sweepstakes, drawings, or prizes and are not eligible to enter or win. This drawing is subject to all applicable federal, state, and local regulations. Offer is void where prohibited by law.

Additional Provisions:  Prior to receipt of their prize, the winner will be required to sign an affidavit of eligibility and must grant permission to publish his/her name and likeness in Sponsor’s social media platforms, member communications and advertisements. The signed publicity release must be received by Sponsor, within seven (7) days of being notified by Sponsor or winner will be deemed to have forfeited his/her prize. By participating in the drawing, participants agree to release, discharge, and hold Polish & Slavic Federal Credit Union harmless from any liability, claims, losses, or damages arising out of or relating to their participation in the drawing or the acceptance, use, misuse, or possession of any prize received in this drawing.

BY ENTERING YOU AGREE TO RELEASE AND HOLD HARMLESS POLISH & SLAVIC FEDERAL CREDIT UNION AND ITS SUBSIDIARIES, AFFILIATES, ADVERTISING AND PROMOTION AGENCIES, PARTNERS, REPRESENTATIVES, AGENTS, SUCCESSORS, ASSIGNS, EMPLOYEES, OFFICERS AND DIRECTORS FROM ANY LIABILITY, ILLNESS, INJURY, DEATH, LOSS, LITIGATION, CLAIM OR DAMAGE THAT MAY OCCUR, DIRECTLY OR INDIRECTLY, WHETHER CAUSED BY NEGLIGENCE OR NOT, FROM (I) SUCH ENTRANT'S PARTICIPATION IN THE DRAWING AND/OR HIS/HER ACCEPTANCE, POSSESSION, USE, OR MISUSE OF ANY PRIZE OR ANY PORTION THEREOF, (II) TECHNICAL FAILURES OF ANY KIND, INCLUDING BUT NOT LIMITED TO THE MALFUNCTIONING OF ANY COMPUTER, CABLE, NETWORK, HARDWARE OR SOFTWARE, (III) UNAUTHORIZED HUMAN INTERVENTION IN ANY PART OF THE ENTRY PROCESS; (IV) ELECTRONIC OR HUMAN ERROR WHICH MAY OCCUR IN THE ADMINISTRATION OF THE PROMOTION OR THE PROCESSING OF ENTRIES.. PSFCU IS RESPONSIBLE SOLELY FOR PROVIDING THE PRIZES TO THE WINNERS.

ARBITRATION/CHOICE OF LAW: Drawing/Sweepstakes shall be governed by the laws of the State of New York. Any and all legal actions or claims arising in connection with this drawing/sweepstakes must be brought in a court of competent jurisdiction within the United States. By participating in this sweepstakes, each entrant accepts the conditions stated in these Official Rules, agrees to be bound by the decisions of the judges and warrants that he/she is eligible to participate in this drawing/sweepstakes.

WINNER LIST: For a complete list of winners, send a self-addressed, stamped envelope for receipt by March 31, 2022 to: Polish and Slavic Federal Credit Union, Consumer Loan Promotion, c/o Marketing Department, 9 Law Drive, Fairfield, NJ 07004.

NO PURCHASE NECESSARY. A PURCHASE OR PAYMENT OF ANY KIND WILL NOT IMPROVE YOUR CHANCES OF WINNING.