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Only the primary member on the Save to Win account will be entered into the drawing based on their eligibility status. A joint member can contribute to the savings account and withdraw funds, but their name will not be entered into the drawings.
Officers, directors, and employees of the participating Credit Union are not eligible to participate in the Raffle.
Immediate family members (spouse; child) of officers, directors, and employees of RiverLand FCU and/or other persons residing in the same household as such individuals are not eligible to participate in the Raffle.
For the Save to Win account, a Participating Member is limited to winning one Central prize per drawing period and is also limited to winning one Credit Union prize per drawing period, if applicable. A Participating Member may not win both a Central prize and a Credit Union prize in the same drawing period. Please refer to the credit union's official rules and account disclosures for details.
You may open a Save to Win account for a child; however, the child may not be eligible to win the prize. The Raffle is open to all natural persons who, at the time of entry (a) are Credit Union members, (b) at least 18 years of age, (c) are residents of a state in which Prize Linked Savings is permitted, and (d) who maintain a regular share account in good standing with the Credit Union (“Eligible Members”). Where permissible under applicable state law a Trust may also be considered an Eligible Member for purposes of the Raffle. To be eligible to win the prize, the winner must meet all eligibility requirements mentioned in the Official Rules. Please refer to our Save to Win Official Rules for full details and program requirements.
The primary account holder earns one entry into the monthly, quarterly, and/or annual prize drawings (where applicable), for every $25 increase in the monthly balance of the Qualifying Save To Win account at month’s end (month-over-month balance increase). This means there must be an increase in balance from the previous month by at least $25 in order to earn the entries. The more you save, the more chances you receive to win! Max 100 entries per month. Max 300 per quarter. Max 1200 annual (where applicable).
In order to be eligible for the current drawing period, your Save to Win account must be open through the last day of the month.
The funds will be deposited into the members' regular savings account.
Winners will be notified by their credit unions via telephone, email, or standard U.S.P.S. mail. Prizes are non-transferable. Winners need not be present at the drawing to win.
Since there is no rounding up, you would only receive one entry for the drawing period. Entries are earned for each $25 month-over-month balance increase, up to 100 entries maximum per month.
Save to Win entries are calculated based on month-over-month balance increases. A withdrawal from your account could affect whether you had a balance increase for a particular month. If due to your withdrawal you do not have a balance increase compared to the prior month, you will not get entries for that particular drawing period.
Generally, a Save to Win account has the same limitations as a regular savings account with no monthly fees. Please refer to our Truth-in-Savings disclosures for all our account limitations and/or other applicable fees.
Actual odds of winning are based on the number of eligible entries received. For each eligible entry, the chance of winning monthly, quarterly, or annual prizes is equal to that of all other entries in the raffle.
Save to Win is a special savings product that offers the participating credit union members an opportunity to win cash prizes — just for saving! The program offers a fun, innovative, and exciting way to save, which empowers members to achieve financial success. Each $25 you save into a Save to Win account, earns you an entry into the monthly, quarterly, and/or annual drawings (where applicable). Not only will you build your savings and earn dividends, but you can also win multiple prizes throughout the year.
The best prize is to see your savings grow with regular deposits each month. But to make saving even sweeter, hundreds of monthly cash prizes and several quarterly cash prizes will be awarded throughout the year. The eligible winners will be notified by the credit union via phone, email, and/or mail. Please refer to the credit union’s account disclosures and the credit union’s Official Rules for details. The Official Rules and a complete list of prizes are also available at savetowin.org.
National and state-wide drawings are held around the 14th of each month and quarterly drawings in January, April, July, and October. Some credit unions and states offer annual prize drawings (refer to your credit union’s Official Rules for details).
Winners who receive prizes totaling $600 or more each year are required to report earnings on their tax returns and may be required to pay applicable state and federal taxes. Credit unions will provide 1099 MISC forms to those winners in January for their previous year’s earnings.