Big Save Contest Rules and Regulations

How to Enter

  1. Contest start date: March 1, 2022. The contest runs until August 31, 2022.
  2. Entry is earned automatically when a Libro Credit Union (Libro) Owner completes any of the following actions:
    • Start a new automated savings program for a Libro or Aviso saving or investment product.
    • Increase the amount of their existing automated savings program to their Libro or Aviso product.
  3. This contest is open to all Libro Owners aged 18+ who hold Libro membership shares.
  4. One entry is allowed per person.
  5. Staff, Owner Representatives and Board of Directors members and immediate family members living in the same house are not eligible to enter the contest. Immediate family members include spouse, child, parent, stepchild, stepparent, grandparent, grandchild, brother, sister, father-in-law, mother-in-law, and any other relative permanently residing in the employee’s household.



  1. Eligible Owners have the chance of winning a $5,000 cash deposit towards the Libro savings or investment account of their choosing.
  2. Prize must be accepted as awarded, no substitutions.


How to Win

  1. The odds of being selected depend on the number of eligible entries received.
  2. One random draw will take place on or before October 15, 2022. The draw will happen at Libro’s administration office, 217 York Street, London, Ontario.
  3. Libro will contact the potential winner and require a reply within ten (10) business days. In case of no response from the potential winner, within the ten (10) business day period, at the sole and absolute discretion of Libro Credit Union, Libro will disqualify that entrant. From there, the winner will forfeit their entitlement to receive a prize, and an alternate eligible entry will be randomly selected from the remaining eligible entries.
  4. The potential winner must be a Libro Owner at the time of the draw.
  5. The potential winner must have the automated savings program still in place at the draw.
  6. The potential winner must correctly answer a time-limited, mathematical skill-testing question before being declared a winner.
  7. The winner must sign a declaration and release confirming compliance with the rules, acceptance of the prize awarded, consenting to the use of their name, address, and or/photograph without compensation, in any publicity carried out by Libro from liability in connection with the awarding and use of the prize.


General Terms and Conditions

  1. The contest is subject to applicable federal, provincial, and municipal laws and regulations.
  2. By entering this contest, you consent to Libro Credit Union using the information submitted with your entry to administer the contest and to use this information (including email address) to contact you to promote products and services which may be of interest to you. The information provided is strictly confidential and will not be sold, loaned, rented, or given to any other individual or organization for any other purpose whatsoever.
  3. Libro Credit Union reserves the right at its sole discretion to withdraw, terminate or modify all or any part of the contest.
  4. By entering this contest, you release Libro and its employees, directors, officers, affiliates, agents, and advertising and promotional agencies from all damages, injuries, claims, causes of actions, or losses of any kind (including actual legal fees and expenses) resulting directly or indirectly from your participation in the contest.