Your savings insured to
at least $100,000 by the
National Credit Union Administration, a U.S. Government Agency.
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Section contents:
 The
Holiday Club account is a special savings account that encourages members to
systematically save money for year-end holiday expenses. Open the account with a $25 minimum deposit, and make continuing
transfers at the rate of $20 minimum per month or $5 minimum per week from your
Regular Share, Share Draft or Money Market savings account. The accumulated funds, except for $5 which will remain in the Holiday Club account, will be transferred into your Regular Share Account in early November each year.
The designated transfers will continue uninterrupted until you notify us in
writing to make a change.
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 Eligibility |
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Available to all members.
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Summary |
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The Holiday Club account offers you a variety of benefits:
- Fee-free, systematic savings for year-end holiday expenses.
- $25 minimum to open; $20/month or $5/week minimum
continuing transfers from your savings, checking, or money market savings accounts.
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Dividends accrue on a minimum balance of $25.
- Penalties for out-of-cycle withdrawals add an
incentive to save until the holidays.
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| Frequently Asked Questions |
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Q: I have a Regular
Share account. Why should I open a Holiday Club account?
A: Designed to assist you with taking a more disciplined approach to saving
for end of the year holiday expenses, the Holiday Club account will make it
easier to attain this special savings goal. Think how happy it will
make you feel when you have enough cash to take care of those last minute
gifts.
Q: I don't have a lot of money.
A: Open a Holiday Club account with as little as $25 and then start out with
a transfer of just $20 per month. The peace of mind you'll enjoy just having
a little extra cash when you need it for the holiday buying season will show
you how easy it is to find a little money each month for this joyful
purpose.
Q: I have a savings account at
my bank. Why should I move it to the Credit Union?
A: For one thing it's not your bank. That bank is working for its
stockholders and a very handsomely paid board of directors. Why
wouldn't you choose to save here at the Credit Union where you are the owner
and you stand to benefit from the cooperative participation of all members?
Q: Do you charge a fee for your Holiday Club account?
A: No fees and no charges as long as you keep the money on deposit for the
full cycle that ends around November 1st.
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