ēCO Savings Race 6th Edition Application

Eligibility Requirements Consents and Agreements

I. To be eligible for The ēCO Savings Race

  • Must be a citizen(s) or legal resident(s) of the United States must reside in the Greater Birmingham area for the duration of the ēCO Savings Race.
  • Must be, or become a member in good standing of ēCO Credit Union upon applying for The ēCO Savings Race.
  • Must have a desire to save, be willing to reduce debt to improve your financial condition, be financially salvageable and not have any open bankruptcy case pending, not had a foreclosure against your house in the past five years, or have not entered into a debt settlement agreement.
  • Cannot be an ēCO or CBS 42 employee, family member of an employee, officer, director, or any of their respective affiliates, subsidiaries, consultants, contractors, advertising, public relations, promotion, fulfillment, or marketing agencies, nor be a member of the immediate family (parent, child, sibling, or spouse) or a person living in the same household (whether related or not) to an employee, officer, or director of any of the foregoing listed entities.
  • Must be willing to work closely with the ēCO Coaching Team.
  • Must be willing to develop a savings and debt reduction strategy with assistance from ēCO coaches and provide monthly reports on progress and results.
  • Must be willing to reveal and share financial situation with the public.
  • Must have good interpersonal communication skills and be comfortable discussing your financial situation during print and electronic media interviews. •
  • Must be willing to complete Financial Peace ® University, as well as other ēCO Savings Race education classes.

II. If selected as a participant in The ēCO Savings Race you must execute all waivers and release agreements required by ēCO Credit Union.

Any and all materials sent to ēCO Credit Union in support of your application will be retained by ēCO, will become the property of The ēCO Savings Race, and will not be returned to you regardless of whether or not you are selected as a contestant. Any expenses you incur during the application process, including postage and materials preparation, are your responsibility. ēCO will not reimburse you for these expenses.

Only one application per individual or family is permitted. All decisions of ēCO are final, absolute, and not subject to inquiry.

Application is DUE no later than July 14, 2017 to:
ēCO Credit Union
ATTN: The ēCO Savings Race, Melissa Stewart
P.O. Box 2385
Birmingham, AL 35201

Application can also be emailed to mstewart@ecocu.org or submitted at any branch location prior to July 14, 2017.

Part 1 - Personal Information

Applicant
 
 
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Marital Status

List all members of your household, including yourself:

Yourself
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Family Member 1
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Family Member 2
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Family Member 3
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Financial History
Combined Household Annual Gross Income






IMPORTANT: Part of the application process will include a comprehensive background check, which includes but is not necessarily limited to a credit report and criminal background check.

Part 2 - Your Financial Situation

Please summarize your family’s CURRENT financial situation.

Financial Situation

Part 3 - Release Agreement

The ēCO Savings Race Application Release Agreement

I, the adult listed above, in connection with my application to be considered as a participant in the ēCO Savings Race (the “Race”), represent and warrant that the answers provided by me on the foregoing application questions are true, complete, and correct, that I have completed this application honestly and accurately and I understand, acknowledge and agree that if any information in this application is found to be false or incomplete, this will be grounds for dismissal of myself and any other individuals applying to participate with me (including minor children) from the participant selection process and/or from the Race.

In addition, each of the undersigned (including the adult applicants and any minor children) agrees as follows:

I acknowledge that, after submitting my completed application and executing this Application Release Agreement, ēCO Credit Union (ēCO) may or may not select me for further consideration to be a part of the Race at its sole and absolute discretion. I acknowledge that if I am selected for further consideration, I will be required to complete and sign additional application materials, release forms and other documents. I acknowledge that if I am selected as a potential participant ēCO will perform a comprehensive background check, which includes but is not necessarily limited to a credit report and criminal background check, on me and participating members of my family and I will be, and other members may be, required to submit psychological tests. ēCO may use the information contained in the completed application at its sole discretion, including making such information public as part of the Race or otherwise.

By signing below in connection with my application to participate in the Race, I hereby acknowledge, represent, and warrant that: (i) ēCO has no obligation to interview me and/or select me as a participant and may choose participants at its sole absolute discretion; (ii) I am not an ēCO or CBS 42 employee, family member of an employee, officer or director of any of their respective affiliates, subsidiaries, consultants, contractors, advertising, public relations, promotion, fulfillment and marketing agencies, nor is any member of my immediate family (parent, child, sibling, or spouse) or a person living in the same household as me (whether related or not) an employee, officer or director of any of the foregoing listed entities. If the foregoing is not true, I have listed here all persons who are not employees or associates with the foregoing entities and the names of their employers:

(iii) I agree to keep strictly confidential information about the Race that I acquire during the participant selection process and/or my participation in the Race; (iv) My name, voice, actions and likeness may be recorded on audiotape, videotape or otherwise as part of the application and participant selection process and if selected during my participation in the Race, and I understand that regardless of whether I am selected to participate in the Race, ēCO may use, but is in no way obligated to use such recordings and the contents of this application within or in connection with the Race, including, without limitation, in advertisements, promotions, publicity, marketing, merchandising or in any other matter, in any and all media now known or hereafter devised, worldwide in perpetuity and I hereby authorize them to do so; (v) even if I am selected as a participant, ēCO has no obligation to broadcast or exploit the Race; (vi) all decisions by ēCO concerning selection of participants and all other matters relating to the Race are final and not subject to challenge or appeal; and (vii) ēCO has no obligation to return any materials submitted by me (including without limitation to this application, any documents, photographs, and video tapes submitted by me or obtained by ēCO or any of the Releasees (defined below)) as part of the participation selection process whether or not I am selected as a participant, or if I am selected as a participant, as part of my participation in and in connection with the Race, and ēCO may but is in no way obligated to use any such materials in and in connection with the Race, including, without limitation, in advertisements, promotions, publicity, marketing, merchandising or any other manner.

By submitting this application and, if selected, by participating in the Race, I hereby consent to the recording, use and reuse by ēCO, CBS 42, and any radio, newspaper, or other print media and any of their respective consultants, contractors, and affiliated entities and each of their respective employees, contractors, agents, officers, and directors (collectively “Releasees”) of my voice, actions, likeness, name, appearance, biological material and any information contained in or derived from my application to be a participant and derived from my participation in and in connection with the Race, including, without limitation, any photos or videotapes submitted by me, editorial comments made by me or about me, and any audio, video or other recordings or still pictures of me taken during the participation selection process and/or taken from my participation in and in connection with the Race or contained in any materials or documents submitted by me in connection with my application and/or submitted by me during my participation in and in connection with the Race, including without limitation to all financial information obtained from all sources during the application process and, if selected, during my participation in and in connection with the Race (collectively “Likeness”) as such may be edited, altered or modified by ēCO or any of the Releasees at their sole discretion, in any and all media now known or hereafter devised, worldwide in perpetuity, in or in connection with the Race, including without limitation, in advertisements, promotions, publicity, marketing, merchandising, or in any other manner. I agree that the Releasees may use all or part of my Likeness, and may alter or modify it regardless of whether or not I am recognizable. I further agree that Releasees exclusively own all right title and interest (including without limitation, all copyrights) in and to any recordings made by any Releasees as well as any video that I have provided in connection with my application and any other material that I have provided or may provide in connection to my participation in the Race (the “Materials”) including without limitation, the right to edit, alter, modify the Materials and to use all or part of the Materials and my Likeness in any manner and in any and all media now known or hereinafter devised worldwide in perpetuity. I grant the rights hereunder whether or not I am selected to participate in the Race in any manner whatsoever. I release, hold harmless, and indemnify Releasees from any and all liability arising out of their recordings or use of my Likeness and/or the Materials (including, without limitation, any claim that such use defames me or invades any right of privacy and/or publicity).

By submitting this application, and if selected, by participating in the Race, to the maximum extent permitted by the law, I hereby release, hold harmless, and indemnify ēCO and all other Releasees and any television station or channel, cable network or satellite network that exhibits the Race, the other participants in the Race, the advertisers connected with the Race, each of their respective parent, subsidiary and affiliated companies, all other persons and entities connected with or engaged in connection with the Race, and each of their respective officers, directors, agents, representatives, employees, contractors, successors, assignees, and licensees (herein the “Related Parties”) from any and all claims, actions, damages, liabilities, losses, costs and expenses of any kind (including, without limitation, attorneys’ fee) arising out of, resulting from, or by reason of, my application for or participation on or in connection with the Race, including, without limitation, any participation in the participant selection process of the Race, any exploitation of the Race or my appearance and/or participation in and in connection with the Race, the failure of ēCO to select me as a participant, the cancellation of the Race, my elimination from the Race, my disqualification from the Race, my disqualification and/or forfeiture from winning a prize, any use of my Likeness or the Material in and in connection with the Race. I understand that the winner of the Race will be selected by combining the scores from a panel of professionals selected by ēCO. All monies/funds deposited by each of the participants must be a direct result of the Race only and deposited in an ēCO account. All funds will be verified as to their authenticity by ēCO as part of the final judging process. Any participant claiming funds that were not attained as part of the Race will be disqualified. This includes funds gained through inheritance, job related cash contests, pension or 401K rollovers, gambling winnings, lottery proceeds, or any other extraneous source of income not related to the Race.

I acknowledge and agree that if I am selected as one of the teams to participate in the Race that I will fully cooperate with the rules and curriculum established by ēCO, which include without limitation: (a) setting up a family budget; (b) working and cooperating with the Race coaches assigned to me, the other ēCO Race Staff, and other ēCO media partners; (c) completing as many as 20 required Race curriculum courses at a time and location determined by ēCO; (d) continuing my ēCO membership in good standing; (e) to submitting myself and my spouse and children to news interviews approximately every four (4) weeks by ēCO and other ēCO television media partners, including, but not limited to CBS 42; (f) submitting myself and my spouse to potential radio interviews every four (4) weeks; (g) attending public appearances at reasonable times upon request; (h) opening up my home for television interviews upon request; (i) being available for future Race appearances, such as “where are they now” segments; and (j) reside in Jefferson, Shelby, Walker, Blount, Tuscaloosa, or Cullman County throughout the duration of the ēCO Savings Race (i) putting forth my best effort throughout the entire Race in an attempt to meet or exceed my given savings and debt reduction goals. I acknowledge that if the Credit Union in it sole discretion determines that I have failed to abide by the rules and curriculum that my family and I will be disqulaified from the Race and forfeit the opportunity to be awarded a prize. Further, I the adult applicant, understand that if I am the winner or a runner up of the Race, I am responsible for any and all taxes related to receipt of the monetary award and ēCO shall not be held responsible for payment of said taxes.

I understand and agree that if I am selected as one of the teams to participate in the Race, I am required to open and maintain a checking account at ēCO, along with an active debit card, eStatements and direct deposit/payroll deposit of net pay. I must also agree to interest rate comparison by my coaching team to determine if I can save money by moving my deposits and/or refinancing my loans held at other financial institutions to ēCO. If money can be saved, I agree to move and/or refinance applicable deposits and/or loans to ēCO. This interest rate comparison will take place within 30 days of the start of the Race and my applicable deposits and/or loans will be moved and/or refinanced within 14 days of the interest rate comparison.

Other than monetary prizes to the Race winners and runners-up, I understand that neither I nor anyone else will be paid for my granting the above rights, or for my signing this Application Release Agreement. My participation in the casting process for the Race and in the Race itself does not constitute a performance and will not entitle me to wages, salary, or other compensation. I agree and acknowledge that no one (including ēCO or their affiliates, board members and officers) has asked me for any money or other consideration to be considered for participation in the Race.

I authorize ēCO to investigate, access and collect information about me, about my finances, about any of the statements made by me in my application, any supporting documents and any other documents that I have signed or will sign in connection with my application to be selected as a participant in the Race, or any other written or oral statements I make in connection therewith, and if selected as a participant in the Race, any and all written or oral statements I make in my participation in and in connection with the Race and hereby waive all rights of privacy or confidentiality that I might otherwise have in such information. I acknowledge and agree that any such information obtained by ēCO pursuant to this paragraph or otherwise may be used for purposes of selecting participants in the Race, and may be described or otherwise related in connection with the Race, including, without limitation, in advertisements, promotions, publicity, marketing, and merchandising, and in any other manner. I have read and fully understand the terms and conditions of this Application and Release Agreement and I agree to abide by and be bound by the terms and conditions contained herein, by any eligibility requirements and any rules and curriculum determined by ēCO at its sole discretion. I acknowledge that in order to participate in the Race, I will be required to complete and sign such other documents as ēCO may require, including, without limitation additional release forms, and winners’ affidavits prior to participating in the Race and prior to being awarded a prize.

I certify that all of the information provided in this application is true and complete and subject to a comprehensive background check, which includes but is not limited to a credit report and criminal background check. I understand that any false statement or omission of any information may lead to my and my family’s disqualification from participation in the selection process, participation in ēCO’s Race, and being awarded a prize.

Release Agreement

Yourself

 
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Adult 1

 
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Minor Children

Consent of Parent or Guardian: To be signed if any persons signing the above Release Agreement are under the age of 18, i.e., minor children. I acknowledge that I have read the foregoing Release Agreement and am familiar with each and all of the terms and conditions contained therein. I am satisfied that the Release is fair and equitable and I give my express consent to the execution thereof by my minor child(ren) listed above and will not remove my consent at any time hereafter.
 
   
   

Part 4 - Authorization for Credit Check

Requesting and/or disputing a file may be done on TransUnion’s website: www.transunion.com.

Please print your personal information below (include proof of your current address, such as a copy of your current driver’s license or utility bill):

Release Agreement

Current Address

Previous Address

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Please read the following and sign below:

I request written disclosures of the nature and substance of all information on me in the credit bureau’s files, including the sources of the information (except investigative sources) and identification of the recipients of all reports furnished within the last one year or the last two years if furnished for employment purposes. I am the person named above and I understand Federal Law provides that a person who obtains information of a consumer from a consumer reporting agency under false pretenses shall be fined, imprisoned for not more than two years, or both. Please note: If you disagree with any of the information in your credit report you have the right to request TransUnion to recheck it without cost. In the event that any information in the file is found to be inaccurate, or if you file a statement of dispute concerning any item in the file, you have the right to request that notification be given to recipients of the report within the last two years (for employment purposes) or within the last six months (for any other purposes).

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