Capital Credit Union Members Society Lottery: Terms and Conditions

  • All members of Capital Credit Union aged 16 or over are eligible to join the Capital Credit Union Members Society Lottery.
  • The Capital Credit Union Members Society Lottery is a separate entity to Capital Credit Union.  The credit union administers the lottery on behalf of the Capital Credit Union Members Society Lottery.
  • The Capital Credit Union Members Society Lottery has been registered with the City of Edinburgh Council and is regulated by the Lotteries and Amusements Act of 1976.
  • Each entry into the lottery costs £1 per month.
  • Members can have up to 10 entries per month.
  • Payment for entries will be deducted from your main Instant Access Savings Account on the 15th of every month.      
  • Winners are selected at random each month.
  • The lottery draw is made on the second last or last day business day of the month.
  • The draw is monitored on a monthly basis by an official from Capital Credit Union Members Society Lottery.
  • Prizes are paid out in the first week of the month following the draw.
  • Winners will be contacted by a member of the credit union’s Member Services Team with details also published on the Capital Credit Union website.
  • Prize funds will be credited to your savings.  In the majority of instances this will see the prize funds being added to your Instant Access Savings Account.
  • A maximum of 55% of the lottery revenue must be allocated to prizes each month.  As such there may be some occasions where it is deemed necessary to change the prize structure for the monthly draw.  Details of the current prize allocations will be available on the Capital Credit Union website.
  • Lottery funds which are not given out in prizes are reinvested into Capital Credit Union for the purposes of training and development.
  • Applications to join the lottery received prior to the 15th of the month will be entered into that month’s draw.
  • Applications received after this cut off point will be entered into the following month’s draw.
  • Requests to amend the number of entries you have can be made at any time via online banking or by contacting the credit union office on 0131 225 9901. 
  • Amendment requests received prior to the 15th of the month will be effective from that month’s draw.
  • Amendment requests received after this cut-off date will take effect from the following month.
  • If on the day of the payment being taken, insufficient funds are held in your savings account to cover all of your lottery entries, you will not be entered into the draw for that month. 
  • Your lottery entries will continue unless you notify us that you wish to withdraw.
  • Cancellation requests received prior to the 15th of the month will be effective from that month’s draw.
  • Cancellation requests received after this cut off point will take effect from the following draw.
  • Refunds of lottery deductions are not permissible for cancellation requests received on or after the 15th of the month
  • Members who have defaulted on their loan or mortgage repayment agreements with Capital Credit Union may have their lottery entries cancelled by the credit union at any time.
  • Members who cancel their membership of Capital Credit Union will be withdrawn from the Capital Credit Union Members Society Lottery as part of the closure process.

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