Project Description

Christmas Club

At Teachers Credit Union, our members’ welfare comes first so in addition to shareholding and deposit accounts, there is the Christmas Club Account which was introduced some years ago. This is a special account that runs annually from November 1 to October 31 of the following year and it is meant to be a short-term form of saving in which members are encouraged to make monthly contributions. The money saved can be used for Christmas Shopping whereby gifts are purchased for loved ones and cash are available for general preparations.

A member of the Christmas Club benefits by receiving 5% interest on the minimum quarterly balance not exceeding $25,000.00 and participating in a hamper draw once the account at the end of October has a minimum of $1,000.00.