Dupaco CU Distributes Nearly $ Million in Holiday Club Savings

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.

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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.”

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Copyright Year: 2018
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