Christmas Comes Early at Dupaco CCU

DUBUQUE, Iowa – Holiday shopping will be fun for over 3,400 Dupaco Community Credit Union Christmas Club members. The $313 million credit union has reported paying out $3 million in Christmas Club deposits. According to DCCU President/CEO Bob Hoefer, Christmas Club accounts are the perfect way for individuals to avoid a “financial hangover” after the holidays. 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 paid out to the depositor automatically. “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.”