Open a Summer Pay Club Account
To help our members meet their expenses during the summer, the credit union offers an interest earning solution called the Summer Pay Club. With this club account you can have a certain amount deducted from your pay each payday during the school year. The money is deposited into your Summer Pay Club and earns interest quarterly. At the end of the school year, we will automatically transfer 5 disbursements, bi-weekly, to your credit union Share Draft Checking Account (Suffix X). You will have access to your money with your FREE Visa ATM/Debit card and/or basic checks that we offer for purchase. Your funds will be available at 8 a.m. on the scheduled disbursement dates. This allows you to easily plan your summer finances according to what best fits your bi-weekly needs.
|HERE’S HOW IT WORKS:||When figuring out your payroll deduction, multiply by 21, as this is the average number of payroll deductions that the credit union receives throughout the school year. Then divide by 5 to get your Summer Pay Club disbursement amount.|
|EXAMPLE:||Save $275.00 per pay during the school year, multiply by 21 = $5,775.00, then divide $5,775.00 by 5 = $1,155.00 for each summer pay club disbursement, plus any interest that has been posted to the account.|
Click here to see the latest dividend rates for the Summer Pay Club.
2020 Summer Pay Club Disbursement Dates and Important Information
Disbursement dates are June 30, July 14, July 28, August 11 and August 25.
Remember to let us know your summer address and phone number in case we need to contact you.
For summer travel, we recommend that you bring multiple forms of payment such as a debit card, credit card, cash... You could also purchase a CUMoney Prepaid Reloadable Visa Card from us as well.
Please remember to fill out a Travel Information Form.
Apply for Our Teacher Grant
We are proud of our history in the education community and are pleased to offer two grant awards,
of up to $500 each, to educators who are members employed at a school in TVTFCU’s field of membership.
The funds can be used for the implementation of a new or improved program or project which
can include equipment, supplies, materials and training.
Need School Supplies for Your Students? Apply for Our Classroom Cash Loan
We understand it can be difficult to have to purchase school supplies for your students.
In an effort to help our members with this we have created the Classroom Cash Loan.
- 0% interest
- Borrow up to $500
- Payment example: Monthly loan repayments on a $500.00 loan is $50.00 per month.
Click here to see complete details about our Classroom Cash Loan and to apply.
A resource center where K-12 educators can search and select from a variety of personal finance lesson plans, course guides and other financial education materials.
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