Do you go into debt every year to pay for all the expenses associated with the Holiday Season? Do you have a difficult time saving for Christmas or do you plan to purchase something really big and expensive next year? If this describes you then you might very well benefit from a Christmas Club.
You may deposit to your Christmas Club little by little through Direct Deposit or Payroll Deduction. Or you can always deposit extra money to it too. You can change the automatically deposited amount at any time.
Christmas Clubs may be opened between October 15th and January 15th of the following year. Each year on October 15th, the funds in your Christmas Club will automatically transfer to your Share Savings account. It then stays in Share Savings until you need it. PCU club accounts renew automatically every year.