Christmas Club

The Christmas club account is a dividend earning account that allows our members to save throughout the year to meet those expenses associated with the holiday season. There is no limit to the number or amount of deposits during the year.

The Christmas club account will earn dividends based upon the average daily balance of funds on deposit through October 31st at a rate determined by the Board of Directors. On November 1st, a check will be mailed to the member for the principal plus the dividends the account has earned.

The enrollment period for opening a Christmas club account is November 15th through January 31st. Partial withdrawals will not be allowed prior to October 31st. Withdrawal of the full balance may be made at anytime, but the account will be closed and all dividends forfeited. Once an account is closed, it cannot be reopened until the next enrollment period. There is a service charge for early withdrawal.