Christmas Club members: $98,334.96 worth of checks are waiting for pickup at the St. Thomas Employee Federal Credit Union. These checks contain all deposits into the club account from Nov. 1, 2012, through Oct. 31, 2013, plus a .25 percent annual dividend. Any check not claimed at the credit union office by close of day on Thursday, Nov. 7, will be mailed to the club member – watch for a green envelope.

For credit union members currently using automatic payroll deduction to contribute to the club account, the deduction has continued without interruption, and the 2014 Christmas account has started. To change the deduction amount, request a payroll change form at the credit union.

No Christmas Club check this year? Now would be a good time to get started for 2014. The club is open to any member of the St. Thomas Employee Federal Credit Union. (Any UST regular employee or family member of an employee is eligible to belong to the credit union). Deposits to the club can be made via automatic payroll deduction or by the deposit of checks or money orders. The only withdrawal allowed without penalty is the once-a-year withdrawal of all funds, plus the dividend, that occurs during the first week in November each year. If funds are needed earlier, the entire balance must be withdrawn and no dividend is paid.

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