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Win a Zero Percent Loan contest rules

All members in good standing, over 18 years old, and submitting one entry per social security number (not per account number, tax identification number, or trust account), are eligible for the grand prize.

Official family members e.g. Board of Directors, Supervisory Committee, employees and family members of the Board of Directors, Supervisory Committee, and employees are not eligible for the grand prize.

The drawing will be held on or shortly after the January 30, 2013 Open House at the American Southwest Credit Union Main Office.

You do not have to be present to win.

The winner must claim his or her prize within 15 business days from the Open House. American Southwest Credit Union will notify the winner by certified mail at the current address listed on its database. (All members are responsible for keeping their address current with American Southwest Credit Union.) Returned mail resulting from a bad address will result as a non-claimable event and a new winner will be immediately drawn. If the prize is not claimed, another name will be drawn. This process will repeat until all three prizes are properly claimed.

To claim your prize, the winner must simply provide proof of identification and membership.

The Supervisory Committee will oversee the drawing activity. Dual control procedures will be followed and a log will be maintained to record the committee’s oversight. A record of this activity will be made available to the public on request.

The monetary equivalent of the zero percent loan prizes cannot be redeemed for cash. For promotional purposes, the winner agrees to allow American Southwest Credit Union to use his or her name in press releases before, during, and after the zero percent loans are awarded. The release must be signed before the prize is claimed.

American Southwest Credit Union makes no presumption regarding any possible tax liability of the eventual winners.

Due to the fact that the award is loan related, some restrictions do apply: 1. Must be a member in good standing with ASCU 2. Must be 18 years old or older 3. Must be eligible to borrow following ASCU underwriting policies 4. The zero percent loan prizes are limited to new or pre-owned vehicles with terms not to exceed 84 months and not to exceed $30,000.

The prize recipients have the option of refinancing their existing loans financed at other financial institutions. They may also refinance an existing ASCU vehicle loan. Finally, they have the option to purchase a new or pre-owned vehicle through a dealership or private sale.

Recipients have 60 days to purchase their vehicle and complete their financing or refinance their loans from other financial institutions. The 60 day period begins when the prize is claimed. Failure to do so will cancel their zero percent prize.

American Southwest Credit Union is an equal opportunity lender.

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