Topic: Saver’s Sweepstakes
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Tax reporting responsibilities include Saver’s Sweepstakes winnings
TIP: It’s that time of year again – when credit unions send out their 1099s to report interest/dividends that members have earned on their accounts. We thought it would be […]
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Free webinars now available: Saver’s Sweepstakes Compliance Bites
NEWS: The League’s Legal Affairs team has recorded a series of 11 short compliance videos, which we call Saver’s Sweepstakes® Compliance Bites, to help explain our Saver’s Sweepstakes program and the […]
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Free webinars now available: Saver’s Sweepstakes Compliance Bites
NEWS: The League’s Legal Affairs team has recorded a series of 11 short compliance videos, which we call Saver’s Sweepstakes® Compliance Bites, to help explain our Saver’s Sweepstakes program and the […]
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U.S. Code: 39 USC §§ 3001-3018
Postal Service Chapter 30 – NONMAILABLE MATTER Deceptive Mail Prevention and Enforcement Act
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0184 Saver’s Sweepstakes® Compliance FAQs
This release applies to all credit unions, state and federal. It describes the basic features of Saver’s Sweepstakes®, The League’s state-wide prize-linked savings program.
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Public Law No. 113–251 (Dec. 18, 2014)
American Savings Promotion Act
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Minn. Stats: 609.761 (subd. 6)
Minnesota Statutes §609.761 (subd. 6) Subd. 6. Savings promotion raffles. Sections 609.755 and 609.76 do not prohibit the conduct of or participation in a savings promotion raffle, as defined in […]
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Wis. Stats: 186 Credit Unions (state-chartered only) as regarding savings promotion prize programs.
186.114 Savings promotion prize programs. (1) In this section: (a) “Member” means any person holding an account authorized under s. 186.113. (b) “Nonqualifying account” means a deposit account that is not a […]
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Wisconsin allows prize-linked savings; League working on statewide program
As you’ve probably heard, Wisconsin recently passed a prize-linked savings (PLS) bill into law. The new law lets Wisconsin credit unions and other financial institutions offer PLS programs, where consumers […]