TVTFCU Teacher's Lounge

2021 Summer Pay Club Account Disbursement Dates

June 29, July 13, July 27, August 10 and August 24

Please be sure you have your TVTFCU ATM/Debit Card so you can access your funds the day of disbursement. If you need to order a card contact us at 860-253-4780 or 800-749-8305. It can take up to 2 weeks for the card to arrive. Remember to let us know your summer address and phone number in case we need to contact you. Also let us know if you will be traveling so your debit card does not get blocked.

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.

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.

Learn More and Download an Application Packet

Need School Supplies for Your Students?
Apply for Our Classroom Cash Loan - 0% apr!*

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 $1,000
  • Up to 10 months for repayment

*Learn More About Our Classroom Cash Loan

Money Teach

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.

Learn More About MoneyTeach

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