Credit Union Announces Christmas Club, Santa Loans, Holiday Closures

The St. Thomas Employee Federal Credit Union recently disbursed 98 Christmas Club checks to members who started saving in November 2011 for this Christmas season.

These members, whose checks averaged over $970 each, can enjoy their shopping knowing that having planned ahead they need not end up with holiday debt. Want to receive a green envelope with a holiday check next year? Contact the credit union and get started saving for Christmas 2013 now.

If you were not one of the wise 98 mentioned above and are short on cash for the holidays, take advantage of a Santa Special loan. The loan is available to any credit union member who has a Beacon (Equifax credit bureau) score of 600 or more. There will be no exceptions to this requirement. Offered only until Friday, Dec. 21, the loan can be for as much as $1,000 for 10 percent interest, for a term of one year. Note that the normal $40,000 loan limit to any one member at any one time is still in effect, but this Santa Loan can be had in addition to both the regular signature loan offering, and the High Beacon Special signature loans currently being offered by the credit union. Contact the credit union or stop by and pick up an application from the rack across from the credit union office, Room 209, Loras Hall.

Following the holiday calendar of the university, the credit union will close its business year at 1 p.m. Friday, Dec. 21. Any mail, loan payments, deposits, or withdrawal and loan requests received after that will be processed when the credit union reopens on Thursday, Jan 3, 2013. Please plan ahead.

For more information check the credit union website, call (651) 962-6660, email, or stop by the office in Room 209, Loras Hall, during office hours:

  • Noon to 3 p.m. Mondays
  • 10 a.m. to 1 p.m. Tuesdays, Thursdays and Fridays