BEAT YOUR RATE CHALLENGE
Bring us your auto loan from another lender. If we can't beat your current rate, we'll give you $50!4
Basic Elements - Legal Text
1Promotional period: 7.12.21 to 9.30.21. Application must be received by SCE Federal Credit Union (SCE FCU) within promotional period, with funding by 10.7.21. Subject to all Credit Union policies and procedures. Offer not valid on existing SCE FCU Auto Loans, Classic Car Loans, Vehicle Value Loans, or Motorcycle Loans. APR = Annual Percentage Rate. Rates shown are for qualified purchasers and are subject to credit qualifications and vehicle value requirements, with an SCE FCU Auto Loan term up to 48 months. The approximate monthly payment per $1,000 on a 48-month term auto loan at 2.24% APR is $21.80; at 2.49% APR it is $21.91. Additional terms available at a higher rate. 2Utilizing the 90-day no payment option will slightly increase your payment. 3NO PURCHASE NECESSARY. See below for official rules. 4Limited time offer, 7.12.21 to 9.30.21, subject to change. Not valid on existing SCE FCU auto loans. If you apply for a new auto loan during the promotional period – new or used, purchased or refinance – and we are unable to beat your current verified existing loan rate – or your firm rate offer – using like terms, $50 will be deposited into your SCE FCU primary savings account within 30 days of final loan decision. Not valid on rates below 2.00% APR. Borrower(s) and vehicle must qualify to be eligible for the $50 Beat Your Rate Challenge.
SCE Federal Credit Union – “Hot Car Cool Cash” Auto Loan Promotion – (2021)
Complete Sweepstakes Rules & Important Information
NO PURCHASE NECESSARY.
The Sweepstakes is open to SCE Federal Credit Union (SCE FCU) members, and begins July 12, 2021 and ends September 30, 2021. While there is one Sweepstakes period, there are three drawing periods within: 1) July 12, 2021 through July 31, 2021; 2) July 12, 2021 through August 31, 2021; 3) July 12 through September 30, 2021. There are two ways to enter during the Sweepstakes: (1) Automatic Entry: When you obtain an auto loan through SCE FCU, which includes loans on new or used autos and loans on street-legal motorcycles, through a purchase or refinance during the Sweepstakes period as a primary member of SCE FCU; application for the auto loan must occur during Sweepstakes period, with funding occurring by October 7, 2021. 2) By Mail: To receive an entry, print name, address, email address, last three digits of SCE FCU membership number, and day and evening phone numbers on a 3” x 5” card, and mail to: “Hot Car Cool Cash – Auto Loan Promotion”, PO Box 8017, El Monte, CA 91734-2317. Must be received by the last day of the Sweepstakes. Limit one mail-in entry per membership number. Limit one mail-in entry per stamped envelope. Limit one prize per Social Security number. No mechanical reproductions or other automated means of entry permitted. SCE FCU is not responsible or liable for lost, stolen, mutilated, incomplete, illegible, misdirected or non- delivered entries. All entries become the property of SCE Federal Credit Union (SCE FCU) and will not be returned.
Drawing will be held on or about three weeks after the end of each month of the Sweepstakes period. Odds of winning depend upon the total number of eligible entries received.
Prize will be awarded as follows: One winner will be drawn after the close of each calendar month of the Sweepstakes period to win $1,000. Prize amount for each winner will be entered as a deposit to the winner’s SCE FCU savings account. During the Sweepstakes, a total of $3,000 in prizes will be awarded. Prize will be reported as taxable income as required by law.
Winner need not be present to win, and will be notified by telephone, mail, and/or email. The name of the winner will be available at SCE FCU. Once awarded, SCE FCU assumes no liability or responsibility for the prizes. For prizes refused, an alternate winner will be selected. By accepting a prize, winner agrees to have his or her name and/or photo appear in SCE FCU’s newsletter, emails, social media, website, and/or other marketing avenue. SCE FCU employees, officials, and members of their immediate families, and/or persons living in their same household, are not eligible. To qualify, all entrants must be 18 years of age or older; must have a valid tax identification number on file with SCE FCU, and must be an SCE FCU member in good standing. Prize is not transferable. Sweepstakes void where prohibited.