The Christmas Club savings gives you the perfect way to save for
next year's holiday shopping while still earning a competitive return.
By saving your holiday spending money in a separate account, you
are able to monitor how much you have saved. And through the use
of Direct Deposit or Payroll
Deduction you can deduct the money directly from your paycheck
so you never miss it. The money in the account is transferred to
your choice of savings or checking account on November 5th each
year, but if you need the funds early, you can withdraw just what
you need for only a $5.00 fee. While the fee isn't very high, it
is hopefully just high enough to reduce the temptation of turning
to your holiday nest egg every time you need a few extra dollars.
We also offer a generic Club savings account that allows you to
save money in a separate account for special occasions while earning
a competitive yield. Many members use this account for vacation
savings, weddings, or even for a down payment on a home purchase.
The key is you tell us what it is for, and we will title the account
accordingly so you can regularly track how much you have saved on
your statements or through CU
Anytime Online Account Access. And, like all other savings accounts,
you can automatically make deposits to it using Direct
Deposit or Payroll Deduction.
This credit
union is federally insured by the National Credit Union Administration.
Members are insured by the NCUA to the maximum of $100,000.00 each.
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