Club Accounts

Club Acounts

Brochure:
Front/Back

Brochure:
Inside

Rate Information

The Club account rates will be approved by the board and subject to change before the end of the club period.

Nature of Dividends

Dividends are paid from current income and available earnings at the end of the dividend period.

Dividend Compounding and Crediting

The compounding for Club Accounts is on a monthly basis running for the full Club Account period. The dividends are paid out at the end of the club period on all dividends accrued.

Accrual of Dividends

Dividends will begin accruing on the business day a deposit is made. If the account is closed before the accrued dividends are credited, the accrued dividends will not be paid.

Account Limitations

Club accounts have account withdrawal restrictions. Members are restricted from making multiple withdrawals from the account. If a withdrawal is made before the end of the 12 month period the account will be closed.

Christmas Club Accounts:

are designed for members to have extra savings to start the holiday shopping season. Without the worry of applying for loans or high credit card interest rates.

Club Period

November 1st–October 31^st

Deposits

Deposits can begin anytime after the start date.

Balance Information

There is not a minimum balance requirement for Club Accounts.

Club checks will be printed on October 31st and can be picked up or mailed at the member’s request on or after November 1st. If the check is not picked up or requested by the 15th of November the check will be mailed to the last address on file.

Vacation Club Accounts:

are designed for members to have extra money for their summer vacations. This money can help pay for the expenses of hotel rooms, shopping, travel, etc.