X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DUBUQUE, Iowa – At least one credit union has kept the Christmas Club account alive and kicking. Dupaco Community Credit Union has paid out $2.8 million in Christmas Club deposits to more than 3,400 Christmas Club members. According to DCCU President/CEO, Bob Hoefer, these Christmas Club deposits provide area businesses with an excellent opportunity. “As we approach the holiday season, we want local retailers to be aware that this large sum of money, which has been saved mainly for the purpose of holiday gift-giving, is being made available,” said Hoefer. “We hope they will then act to attract the spending of these funds in the tri-state area for the benefit of the local economy.” A Christmas Club is traditionally opened in November with small deposits made into the account weekly or bi-weekly throughout the year. On or about the following November 1, all savings, plus accumulated dividends, is automatically paid out to the depositor.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.