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Official Rules for PSFCU Anniversary Random Prize Drawing

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Polish & Slavic Federal Credit Union
30th Anniversary Promotion Random Drawing
OFFICIAL RULES


1. ELIGIBILITY
An eligible person for the Polish and Slavic Federal Credit Union (“PSFCU”) 30th Anniversary Promotion Random Drawing (“the Drawing”) is someone 18 years of age or older : (i) who is a member of PSFCU in good standing; and (ii) who is the first person listed on a PSFCU account. A member in good standing is a PSFCU member who maintains a $10 par value with no current overdrafts in their accounts. Also, there can be no loan delinquencies over 30 days.

To be entered automatically:  All PSFCU members in good standing are eligible for the Grand Prize Drawing. In addition, an eligible PSFCU member is automatically entered for the Drawing of additional prizes if he or she:

• holds a PSFCU checking account as of the end of a business day on
  October 27, 2007.
• holds a PSFCU IRA account as of the end of a business day on
  October 27, 2007.
• holds a PSFCU Business account as of the end of a business day on
  October 27, 2007.

No purchase necessary to enter or to win. A purchase will not increase your chance of winning. Void where prohibited.

PSFCU members in good standing 18 years of age or older may also become eligible and enter each of the three Drawing categories by mailing an entry card to Polish and Slavic Federal Credit Union “30th Anniversary Random Drawing”, c/o Marketing Department, 9 Law Drive, Fairfield, NJ 07004. Entry cards will be available at PSFCU branches and must be received no later than Oct. 25, 2007. One entry per member only. Duplicate, multiple or illegible entries will be disallowed.

Employees, officers and directors of the Polish & Slavic Federal Credit Union (“Sponsor”), or their parents, affiliates, subsidiaries; their legal advisors, promotional and advertising agencies, as well as the immediate families (spouse, parents, children and siblings, regardless of residence) and household members of such employees, officers or directors (whether related or not), are not eligible. By participating, all entrants agree to abide by these Official Rules and the decisions of PSFCU, which are final and binding in all respects.

Limit one prize per member household is allowed. Drawing eligibility will be verified by independent auditor prior to awarding the prize.


2. PROMOTIONAL PERIOD
The promotion begins on September 1, 2007 at 12:01 AM EDT and ends at the end of the business day on Oct. 30, 2007 (the “Promotional Period”).


3. DRAWING
All eligible members will be compiled in a computer database with an assigned unique identifying number matched to the name of the entrant. Credit Union officials will randomly select the winners from all eligible unique identifying numbers in each of the three Drawing categories. The Drawing will be overseen by an independent auditor to ensure validity. Winners must agree to all conditions in section 5 and if not, their prize shall be forfeited and an alternate prospective winner shall be selected. The drawing will take place on or about October 31, 2007.

Winners will be notified by mail subsequent to the Drawing. Prior to the receipt of the prize, Winners must agree to all conditions stipulated herein and may be required to sign an affidavit of eligibility and release of liability and publicity, and return same, properly executed, within 30 days of issuance of prize notification. If PSFCU is unable to contact a prospective winner, if the prospective winner fails to complete and return all requested forms by the specified date, or if the prospective winner fails to comply with any of the requirements, his/her prize will be forfeited and awarded to an alternate prospective winner. By participating in the Drawing and accepting the prize, all entrants consent to the use of their photograph, likeness, voice and/or video for advertising and promotional purposes, including online announcements without limitation and without additional compensation, except where prohibited by law. The odds of winning depend upon the number of eligible members in each category at the time of the drawing.


4. PRIZES/ODDS
One grand prize – a 32” SONY Bravia LCD HDTV – will be drawn from among all eligible PSFCU members in good standing. Three types of prizes will be awarded in three additional categories of eligibility: Business Accounts, IRA Accounts and Checking Accounts. Business Account prize winners will be awarded a 4Gb Apple iPod Nano; winners in the IRA category will receive a Sony DSC-W55 digital camera and Checking Account category winners will receive a Magellan Maestro GPS receiver. There are thirty (30) prizes in each of the three categories, in addition to one (1) Grand Prize.

Each winner will receive one (1) prize only. The Grand Prize will be the first prize drawn. Winning the Grand Prize or a prize in one of the three Drawing categories will render its winner ineligible for prizes in other categories. Details and qualifications for participation in this Drawing apply. These details and qualifications are listed in these Official Rules under sections 1, 4 and 5. The winner taking possession of the Prize is solely responsible for any applicable state or federal taxes (e.g. sales and income taxes).

No substitution, assignment or transfer of prizes is permitted, except by PSFCU, who reserve the right to substitute a prize with a similar item of greater or equal value. The odds of winning depend on then number of eligible members on the date of the drawing. If a winner cannot or does not accept the Prize as stated, the Prize will be forfeited and awarded to an alternate winner.

By participating in the Drawing and accepting the prize, all entrants consent to the use of their photograph, likeness, voice and/or video for advertising and promotional purposes, including online announcements without limitation and without additional compensation, except where prohibited by law.


5. GENERAL CONDITIONS
Winners will be notified by mail subsequent to the Drawing. Prizes will be awarded during an Award Ceremony to be held at the PSFCU headquarters, 100 McGuinness Blvd., Brooklyn, NY 11222, no later than 30 days following the Drawing.

Prospective winner must agree to all conditions stipulated herein. Prior to the receipt of the prize, Sponsor will require each winner to sign an Affidavit of Eligibility, a Release of Liability and a Publicity Release. If a winner fails to sign these documents, or if a winner cannot be notified, or if a winner is found to be ineligible or not in compliance with these Official Rules, then the winner will be disqualified and an alternate winner will be selected. By participating in the Random Drawing and accepting the prize, where permitted by law, winners grant consent to Sponsor and those acting pursuant to Sponsor’s authority (and agrees to confirm said consent in writing) to the use of their name, biographical information, statements made regarding the Sponsor, or the Random Drawing (provided same are true), photograph, likeness, voice and/or video for trade, advertising and promotional purposes, including online announcements without limitation and without additional consideration, review or approval, except where prohibited by law.

Any and all warranties and guarantees are subject to the respective prize manufacturer's terms. Sponsor shall not be responsible or held liable in the case of malfunction of any prize item. By participating and accepting the Prize, entrants release and hold harmless Sponsor and its parents, affiliates, and subsidiary companies, advertising and promotion agencies and their respective directors, officers, employees, representatives and agents from any and all liability for any injury, loss or damage of any kind to person, including death, and property arising in whole or in part, directly or indirectly, from acceptance, possession, use or misuse of the Prize, participation in any Promotion related activity, or participation in this Promotion.

PSFCU shall not be responsible for any damages resulting from misuse or incorrect use of the prizes; any error, omission, interruption, deletion, defect, delay in operation or transmission, theft or destruction or unauthorized use of said items; any injury or damage to participants or to any other person's property related to or resulting from participating in this Random Drawing or misuse of the awarded prizes. In no event shall PSFCU be responsible or liable for any damages or losses of any kind, including direct, indirect, incidental, consequential or punitive damages arising out of the use of the awarded prizes by Random Drawing winners. Check local laws for any restrictions or conditions regarding these limitations and/or exclusions.

Sponsor reserves the right, at its sole discretion, to disqualify any individual it finds to be tampering with the operation of the Drawing; to be acting in violation of the Official Rules; or to be acting in a non-sportsmanlike or disruptive manner, or with intent to annoy, abuse, threaten or harass any other person.


6. ARBITRATION/CHOICE OF LAW
Except where prohibited by law, Members agree that: (1) any and all disputes, claims, and causes of action arising out of or connected with this Drawing, or any prizes awarded, shall be resolved individually, without resort to any form of class action and exclusively by arbitration pursuant to the Rules of the American Arbitration Association then effective; and (2) any and all claims, judgments and awards shall be limited to actual out-of-pocket costs incurred, including costs associated with entering this Drawing but in no event attorneys' fees; and (3) under no circumstances will entrant be permitted to obtain awards for, and entrant hereby waives all rights to claim, punitive, incidental and consequential damages and any other damages, other than for actual out-of-pocket expenses, and any and all rights to have damages multiplied or otherwise increased. All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of entrant and/or PSFCU in connection with the Drawing shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction), and all proceedings shall take place in the State of New York.


7. WINNERS LIST
For a complete list of the Drawing winners, send a self-addressed, stamped envelope for receipt by December 31, 2007 to: Polish and Slavic Federal Credit Union “30th Anniversary Random Drawing”, c/o Marketing Department, 9 Law Drive, Fairfield, NJ 07004.

Sponsored by:
Polish & Slavic Federal Credit Union
100 McGuinness Blvd., Brooklyn, New York, 11222.
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