HELOC $500 Sweepstakes Official Rules


  1. Eligibility: The HELOC $500 Sweepstakes (the “Sweepstakes”) is open to any individual who is a legal permanent resident of Ohio, and 18 years of age or older as of March 1, 2024. Sweepstakes is void outside of Ohio and where prohibited, taxed, or restricted. Employees and officials of VacationLand Federal Credit Union and their immediate families are not eligible to participate in this Sweepstakes.
  1. Sweepstakes period: The Sweepstakes begins at 9:00 a.m. Eastern Standard Time (EST) on March 1, 2024 and ends at 5:00 p.m. EST on April 30, 2024 (Sweepstakes Period).
  1. How to Enter: Apply for a Home Equity Line of Credit (HELOC) at any VLFCU branch during the sweepstakes period for automatic entry into the sweepstakes. Alternate Entry: To enter without applying for a HELOC, print your name, address, and phone number on a 3” x 5” index card and mail to: VacationLand Federal Credit Union, P.O. Box 2257, Sandusky, OH, 44871, Attention: Marketing Department. Entries are limited to one (1) per person. Multiple and incomplete entries will be disqualified and destroyed. Entries must be received during Sweepstakes period to be eligible. VLFCU is not responsible for lost, late, misdirected, postage due, damaged, mutilated, illegible, or incomplete entries. All entries become the property of VLFCU and will not be acknowledged or returned.
  1. Drawing and Notification: One winner will be selected from among all eligible entries received in a random drawing on May 1, 2024. Winner will be selected by a representative of VLFCU, whose decisions are based on its sole discretion and interpretation of these Official Rules, and are final and binding in all respects. If prize winner is not available to participate, deemed ineligible or disqualified for any reason whatsoever as specified by the Sponsor, the prize winner privileges will be forfeited entirely and an alternative prize winner may be selected from among the eligible entries received, as defined herein. Potential winner will be notified by phone; notification is deemed to have occurred immediately upon placing of the first phone call to contact the potential winner. If a potential winner cannot be reached or does not respond within five (5) days from the first notification attempt, then such person shall be disqualified and an alternate winner will be selected. Sponsor is not responsible for any change of telephone number for any entrant.
  1. Prize: (1) $500.00 in cash. Approximate Retail Value of prize is $500.00. Prize will be awarded, unless Sponsor does not receive one or more eligible entries. Odds of winning the prize depends on the number of eligible entries received.
  1. Winners Responsibility: Winner must redeem prize in-person at 2911 Hayes Ave. Sandusky, OH 44870 by May 8, 2024. Failure to accept and take delivery of the prize within this time period will result in forfeiture of all rights and interest in the prize. Any and all prize related expenses, including without limitation any and all federal, state and/or local taxes shall be the sole responsibility of the winner and, as applicable, an IRS Form 1099 may be issued based on the prize value. THE VALUE OF THE PRIZE WILL BE REPORTED AS INCOME TO THE WINNER, AND THE WINNER WILL BE RESPONSIBLE FOR THE REPORTING OF ALL INCOME AND PAYMENT OF APPLICABLE TAXES. VLFCU ENCOURAGES THE WINNER TO CONSULT THEIR TAX ADVISOR TO DETERMINE HOW RECEIPT OF THE PRIZE MAY AFFECT THEIR TAX OBLIGATIONS. Winner is required to verify their identity by providing a proper government issued picture identification and their unique, personal and valid Social Security Number and sign a bonus acknowledgment/receipt form to claim prize.
  1. GENERAL TERMS AND CONDITIONS: By entering this contest, each participant agrees (a) to be bound by these Official Rules and the decisions of Sponsor, which shall be final, and (b) that Sponsor, agents and representatives of Sponsor, are not responsible for and shall not be liable for: (i) late, lost, delayed, damaged, misdirected, incomplete, illegible entries; (ii) any injuries, losses or damages of any kind arising in connection with or as a result of the prize, or acceptance, possession, or use of the prize; or (iii) from participation in the Sweepstakes including without limitation, personal injury or death, and property damage, and claims based on publicity rights, defamation, or invasion of privacy; or (vi) any printing or typographical errors in any materials associated with the Sweepstakes. Sponsor reserves the right at its sole discretion to disqualify any individual or entity it finds to be attempting to defraud or in any way tamper with the Sweepstakes.
  1. Publicity: Acceptance of the prize shall constitute and signify the winner’s agreement and consent to use the winner’s name and/or photograph for promotional purposes by VacationLand Federal Credit Union without further compensation, consideration, or payment. You agree to release and hold harmless VLFCU, its employees, agents, representatives, and affiliates from any and all claims arising directly or indirectly from any publicity about the Sweepstakes.
  1. Governing Law: All issues and questions concerning the construction, validity, interpretation, and enforceability of these Official Rules, or the rights and obligations of participant 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 Ohio.
  1. Winner’s list and Official Rules: To obtain the winner’s name or a copy of these Official Rules, mail your request along with a stamped, self-addressed envelope to: VacationLand Federal Credit Union, PO Box 2257, Sandusky, Ohio 44871 Attention: Marketing Department.
  1. Sweepstakes Sponsor: The Sweepstakes Sponsor for this promotion is VacationLand Federal Credit Union (VLFCU), 2911 Hayes Ave. Sandusky, OH 44870.