Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
BBB promoting holiday clubs with CUNA stats
DALTON, Ga., and FORT WAYNE, Ind. (1/14/10)--The Better Business Bureau (BBB) is promoting Christmas Club accounts and using Credit Union National Association (CUNA) statistics to show credit unions’ participation. Georgia and Indiana newspapers have picked up the story, also using CUNA stats. Christmas Club accounts are traditionally offered at credit unions or small banks. They allow consumers to set aside money throughout the year into a savings account. Consumers can withdraw the funds in the fall to buy items for the holidays. The Dalton Daily Citizen (Jan. 12) and the Fort Wayne News-Sentinel (Jan. 11) noted that about 78% of credit unions offer the clubs, according to CUNA. Interest in the clubs spiked in 2009, the newspapers said. The BBB recommends that consumers “shop around” for their Christmas Club accounts. Interest rates may vary, the News-Sentinel said. Retailers also have begun offering the clubs.


RSS print
News Now LiveWire
Welcome to Jim @Nussle as @CUNA pres/CEO today #NewsNow http://t.co/Y2pRFv6diW
24 minutes ago
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
15 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
16 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
16 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
17 hours ago