What is the Christmas and Vacation Club disbursement date?

• The Christmas Club disbursement date is November 1^st and Vacation Club disbursement date is June 1^st.

How do I open a club savings account?

• As long as you have a current Share Saving Account, we can open a Club account for you during one of your visits to any branch location or log on to It’s Me 247.

Are there any minimum balance requirements?

• No, there are no minimum balance requirements.

Are accounts NCUA insured?

• All accounts are NCUA insured up to $250,000 per ownership category.

Are there any fees with this account type?

• No.  There are no monthly fees associated with this account

Can I withdraw funds prior to the disbursement rate?

• You will be charged a penalty fee per withdrawal and if you close your account prior to the disbursement date you will lose all dividends accrued.

What happens to the funds on the disbursement dates?

• On the disbursement dates funds and dividends are automatically transferred to your share savings account.  They can be mailed in the form of a check upon request.

How do I keep track of my savings?

• OCFCU will send you a quarterly statement showing your account activity unless there is an Electronic Funds Transfer (EFT) associated with this account then you will receive monthly statements.  Use our It’s Me 247 Online Banking or Mobile Web Banking to check on account balances and transactions.  You can also call CU*TALK, our automated account information line at 1-800-860-5704.