Members Subscription Draw

Rules for Members Draw

1. The Draw commenced in January 2016, having achieved a sufficient number of entrants which was determined by the Board of Directors of Ayrfield Credit Union Ltd., and will continue every six months until the Board of Directors deem otherwise, or it is changed by the Members at an AGM.
2. In the event of insufficient number joining the draw it may be suspended, or discontinued.
3. The draw is open to Ayrfield Credit Union Members ONLY.
4. The Prizes will be at the sole discretion of the Draw Committee
5. The Board of Directors, Staff and Volunteers of Ayrfield Credit Union, will not be liable for any defects to the prizes.
6. All Draws will be held publicly, under the supervision of at least one (1) member of the Board Oversight Committee and one (1) member of the Board of Directors.
7. Winning members will be notified. A list of winners will be posted in the Credit Union.
8. The Draw will be non-profit making and surplus funds will be disposed of by additional prizes. The amount of any prizes will be at the direction of the Board of Directors.
9. The Subscription to the draw will be €5.00 per month which will be deducted from the Members savings at the end of each month. Any increase to the cost of the draw will be approved at AGM by the Membership.
10. All legitimate expenses and overheads in relation to the set up and operation of the draw will be borne out of the draw funds.
11. In the event that a winning number is a person who is in arrears or default in carrying out any financial commitment obligation to the Credit Union, the Board of Directors may make a decision to withhold the prize won by the Member until the arrears have been paid or the default has been rectified. Such decision of the Board of Directors will be notified in writing or in person to the member and within seven days of the Member being notified, they have failed to comply with the requirements of the Board of Directors in relation to such arrears or default, they shall be entitled to pay over to the winning member the net proceeds after deducting any such arrears or paying any monies required to remedy such default. Notice of such decision can be made by delivering same to member personally or by posting same to them by registered post in which case the date of receipt will be deemed to be two working days after post.
12. The decision of the Board of Directors of Ayrfield Credit Union Ltd., concerning the foregoing rules or any matter arising from the draw will be final and not subject to appeal.
13. In the event of a club account winning the draw, winnings will be lodged into club account.
14. Application forms available in the Office check with a Member of Staff.