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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 54-109.64: Savings promotion raffles.

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Where this section sits in the code
  1. Chapter 54. Cooperative Organizations.
  2. SUBCHAPTER III. CREDIT UNIONS.
  3. Article 14F. Savings Accounts.

A credit union may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the credit union. A credit union shall maintain records sufficient to facilitate an audit of the savings promotion raffle, shall conduct the savings promotion raffle in a safe and sound manner, and shall fully disclose the terms and conditions of the promotion to account holders and prospective account holders of the credit union. (2011­146, s. 2.)

Collected 2026-08-27T18:05:32Z. Source file · JSON

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