Christmas Club

Our Christmas Club Account allows you to make deposits in any amount during the year, whenever and however it is most convenient for you. You can choose to set up regular transfers from other existing Olean Area Federal Credit Union accounts or make deposits in person at the teller line.

On October 1st of each year (unless it falls on a weekend, it moves to the Monday following the 1st) funds from your club can be deposited to your primary share, checking or may be kept in the Christmas Club.

Christmas Club Benefits:

  • Easily save for your holiday purchases
  • Earn competitive dividends
  • Set up regular transfers from any OAFCU account
  • Helps you avoid adding credit card debt around holiday season

Link to Rates

Q: What if I need money from my Christmas Club Account?

A: You do have the ability to withdraw funds at any time without penalty. You will simply not earn dividends on the amount of your withdrawal in the month withdrawn.