Credit union's Christmas Club checks available Nov. 1
Almost $70,000 in Christmas Club checks will be available the first week in November to those members of the St. Thomas Employee Federal Credit Union who have Christmas accounts. The checks will include all deposits from Nov. 1, 2004, through Oct. 31, 2005, plus a dividend.
Pick up your check in the CU office on Tuesday, Nov. 1, or Thursday, Nov. 3. All checks not picked up will be mailed out on Thursday afternoon. Watch for the green envelope!
This is a perfect time to sign up for Christmas Club 2006. Using automatic payroll deduction makes saving for the holidays almost painless. Deposits also can be made by check or money order (the CU accepts no cash).
The account earns an annual dividend, posted on Oct. 31 of each year, and the Christmas check is available during the first week in November. No other withdrawals are allowed during the year; if you need to withdraw from the account, the account must be closed and no dividend will be paid. Dividends are calculated using the average daily balance method, and begin to accrue on the business day you make your deposit.
Questions? Call the CU, (651) 962-6660, or stop by the CU office in Room 209, Loras Hall.
