DUBUQUE, Iowa—Systematic saving will pay off for Dupaco Community Credit Union members this holiday season. Through the credit union’s popular Holiday Club savings account, a record-setting
$4.93 million was saved throughout the year and was paid out Oct. 30, 2018, to 4,882 participating members, Dupaco reported.
The amount saved was the highest in the history of Dupaco’s Holiday Club, which was created in 1954— and more than $250,000 over the amount saved and paid out last year. The payout came within two weeks of Dupaco members also collecting more than $2.6 million in Thank Use, a campaign that rewarded members for using their credit union’s services to boost their financial wellbeing.
Through the credit union’s Holiday Club, participants learn the art of thrift and avoid a post-holiday debt burden, said Dupaco President and CEO Joe Hearn.
“The habit of systematically saving money is a core principle of Dupaco,” Hearn said. “Thrift by way of a Holiday Club account, which also earns daily dividends year-round, better prepares members when the holidays arrive.”