TAMPA, Fla. (8/13/15)--As part of its 80th anniversary celebration, GTE Financial (GTE) is holding a contest that will cover one member’s mortgage or rent for 80 months--more than six years--and one employee’s mortgage or rent for three years.
"Home Free with GTE" is the Tampa, Fla.-based credit union's biggest contest giveaway ever. The credit union will pay up to $160,000 in housing costs for the winning member and up to $72,000 for a GTE employee.
Since the contest opened June 1, more than 1,700 member entries have been received. The deadline to enter is Friday.
"We want to highlight our 80th anniversary celebration by thanking our members for their loyalty and trust throughout the years with a giveaway that can truly change someone's life," said President/CEO Joe Brancucci. "We also want to recognize the dedication of our employees who deliver the GTE member experience every day and put our members and community first. Our Home Free contest emphasizes our belief in home ownership and the spirit of giving back."
Members are asked to share their story and what winning would mean to them. Entries will be evaluated based on financial need and the degree to which the entrant gives back to friends, family or the community. GTE’s executive team will select 10 finalists this month, and public voting on Facebook will begin in October.
GTE employee entrants are also asked how winning would change their life, and 20 finalists will be selected by the executive management team. Finalists' stories will be shared anonymously, and five semifinalists will be determined by staff voting. The grand-prize winner will then be selected by GTE's executive management team.
The member and employee grand-prize winners will be announced at a GTE event Oct. 24 in Tampa.