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What if you woke up to an extra $2,500?

If you’re 25 or under, it could happen to you — with chances to win during weekly and monthly drawings — as part of the Prize-Linked Savings Sweepstakes.

Prize-Linked Savings Sweepstakes

Kinecta is encouraging members to save and is rewarding the positive behavior by paying dividends at 5x our standard rate. In addition, as a sweepstakes participant, you will have multiple chances to win big:

Balance match up to $2,500 in a monthly drawing
$50 added to your account in a weekly drawing

Members may open their prize-linked savings account in-branch or by calling 800.854.9846.

Not a member yet? Join today.

OFFICIAL RULES  

1. EXCEPT FOR BEING OR BECOMING A MEMBER, OPENING AN ADDITIONAL SAVINGS SHARE ACCOUNT, MEETING THE AGE ELIGIBILITY FOR PARTICIPATION IN THE SWEEPSTAKES, AND MAKING DEPOSITS AS DESCRIBED IN THESE OFFICIAL RULES, NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES. 

2. EACH SWEEPSTAKES ENTRY WILL HAVE AN EQUAL CHANCE OF WINNING. MAKING A PURCHASE WILL NOT IMPROVE AN INDIVIDUAL ENTRY’S CHANCES OF WINNING. 

3. Odds of Winning: Odds of winning are based upon the number of entries. Each eligible entry shall have a chance of winning prizes that is equal to that of all other entries in that Prize Drawing. 

4. Weekly Prize Drawing: One winner will be drawn each week on the first business day of the week, commencing on April 4, 2022, during the promotional period and will receive a one-time $50 deposit into their qualifying Additional Savings share. 

Monthly Prize Drawing: One winner will be drawn each month within 7 business days of the last day of the previous month commencing on June 3, 2022, and will receive a one-time deposit equal to the available balance in their qualifying Additional Savings share at the time of the Drawing, up to $2500. 

5. Sponsor: Kinecta Federal Credit Union (“the Credit Union”) is the sponsor of the Sweepstakes. The Credit Union’s business address is: 1440 Rosecrans Avenue, Manhattan Beach, CA 90266. 

6. Sweepstakes Period: Sweepstakes begins March 28, 2022, and ends December 31, 2022 (“Sweepstakes Period”). 

7. Eligibility: Corporations, Limited Liability Companies, Partnerships, Associations, Sole Proprietorships, Irrevocable Trusts, business and labor organizations, other public or private entities, as well as Credit Union employees, officials, and members of their immediate families are not eligible to participate in the Sweepstakes. Immediate family includes spouses, parents, grandparents, children, grandchildren, siblings, and each of their spouses. Former Credit Union employees, Board Members, Supervisory Committee members or their immediate family who have separated from Credit Union are not eligible until 12 months after their separation date. To qualify for the Sweepstakes, an individual must be a Kinecta member and must 1) be a resident of the state of California, 2) must have opened a new Additional Savings share (“Additional Savings share”) with the Credit Union, at a Credit Union branch location or by calling the Credit Union’s Member Contact Center during the Sweepstakes Period, with an initial deposit of at least $5., 3) must have been 25 years old or younger at the time the Additional Savings share was opened and the Prize Drawing(s) conducted, 4) must have made an additional deposit of at least $5 into the Additional Savings share during the entry period for that Prize Drawing to be eligible for the Weekly Prize Drawing, 5) must have made an additional deposit of at least $5 into the qualifying Additional Savings share for each of the prior three months to be eligible for the Monthly Prize Drawing, 6) must not have any loans with the Credit Union not in good standing at the time of the Drawing, 7) must not have any shares with the Credit Union with an overdrawn balance at the time of Prize Drawing, and 8) must be a member in good standing at Kinecta at the time of the Prize Drawing. Members need only open one Additional Savings share during the Sweepstakes Period in order to be eligible for Prizes. The $5 PAR Share required for Membership does not count as an Additional Savings share. By entering this Sweepstakes, entrants accept and agree to be bound by these Official Rules and the decisions of the Credit Union. All decisions of the Credit Union are final. Sweepstakes void where prohibited by law. 

Eligibility for Minors: Minors 12 and under must have the permission of a parent or legal guardian (“Parent”) at the time of entry and such entry shall be deemed submitted by the Parent and shall be treated as if the Parent had made such entry. 

8. Sweepstakes Entries: Members who meet the eligibility requirements described above, will receive one automatic entry for each Prize Drawing for which they are eligible. Members may receive a maximum of one (1) entry per Prize Drawing. Members must meet the eligibility requirements for each Prize Drawing to be eligible to win that Prize Drawing and may be eligible for multiple Prize Drawings if they meet the eligibility requirements. To participate in the Sweepstakes, eligible entrants must make a deposit into an eligible Additional Savings share as follows. 

9. Weekly Prize Drawing: An eligible entrant will receive one (1) entry into the Weekly Prize Drawing by depositing at least $5 into a qualifying Additional Savings share during the Weekly Drawing Period. Eligible entrants may receive up to one (1) entry per Weekly Drawing Period regardless of how many deposits are made or how much money is deposited. 

Monthly Prize Drawing: An eligible entrant will receive one (1) entry into the Monthly Prize Drawing by depositing at least $5 into a qualifying Additional Savings share account for each of the prior three months to be eligible for the Monthly Prize Drawing, during the Monthly Drawing Period. Eligible entrants may receive up to one (1) entry per Monthly Drawing Period regardless of how many deposits are made or how much money is deposited. The Additional Savings share must be opened during the Sweepstakes Period as described in the Eligibility Section. 

10. Prize Drawings: Entries for Weekly Prize Drawings shall begin on Sunday 12:00am PT of that week and end on Saturday 11:59pm PT (“Weekly Drawing Period”). The Weekly Prize Drawings will be held on the first business day following the end of the prior week, beginning on April 4, 2022, at 1440 Rosecrans Ave, Manhattan Beach, CA 90266. All eligible entries received on or before 11:59pm PT the Saturday before the drawing qualify for the weekly prize drawing. The drawing for the Monthly Prize will be held within seven (7) business days of the last day of the previous month, commencing on June 3, 2022, at 1440 Rosecrans Ave, Manhattan Beach, CA 90266. All eligible entries received from the 12:00am PT first calendar day of the previous month until 11:59pm PT the last calendar day of the month before the drawing (“Monthly Drawing Period”), qualify for the Monthly Drawing. The winners need not be present and will be notified by phone and/or email within two days of the drawing. A complete list of winners will be available at all Credit Union branches. Prize will be deposited into Member’s qualifying Additional Savings share. If Credit Union is unable to deposit Prize into Member’s qualifying Additional Savings share, Member must redeem Prize by no later than 30 days from the day of the Drawing. 

Weekly Prize: One (1) winner will be awarded a $50.00 bonus into their qualifying Additional Savings share. 

Monthly Prize: One (1) winner will be awarded a match of the total available balance in their qualifying Additional Savings share at the end of the previous calendar month of the time of the Prize Drawing, up to $2500. 

11. Liability/General Rules: The Credit Union is not responsible for any loss which may occur in connection with the Sweepstakes. Entrant agrees to hold the Credit Union harmless from any liability arising from participation in the Sweepstakes or the acceptance, receipt, possession, or misuse of the prize. The Credit Union and each of its officers, directors, employees, members, and representatives and agents are not responsible for any negligence, claims, liability, injury, property loss, or other damages of entrants and/or winners arising from, or in connection with, acceptance, receipt, possession, or use/misuse of prizes awarded or participation in this Sweepstakes. The Credit Union is not responsible for any incorrect or inaccurate information, whether caused by tampering, hacking, or by any of the equipment or programming associated with the Sweepstakes. Prizes cannot be substituted, converted to cash, assigned, or transferred by winners. The Credit Union reserves the right to substitute a prize of equal or greater value should the featured prizes become unavailable for any reason. The Credit Union reserves the right to disqualify entrants who fail to follow these Official Rules or who make any misrepresentations relative to the Sweepstakes and redemption of a prize. 

12. Tax Issues: The Credit Union will report all prize winnings to the appropriate state and federal agencies as required by applicable law. Winners are responsible for all tax consequences (if any) of the prizes. 

13. Publicity Authorization: Each winner agrees to permit the Credit Union to utilize his/her name and likeness in promotional and other Credit Union materials, without additional compensation or permission, except where prohibited by law. 

14. Choice of Law: All issues and questions concerning the construction, validity, interpretation, and enforceability of these Official Rules, or the rights and obligations of entrant and the Credit Union in connection with the Sweepstakes, shall be governed by, and construed in accordance with, the substantive laws of the State of California, USA, without regard to choice of law rules. 

15. NOTICE OF BINDING ARBITRATION AGREEMENT: With regard to any disputes, the Prize-Linked Savings Sweepstakes will follow the arbitration agreement set forth in the Credit Union’s Account Agreements booklet.

As of 03/28/2022