This is just a short post to wish you and your family a Merry Christmas and a joyful holiday season. I would like to thank all of you for your support throughout the year. I’ll be spending today hosting Christmas dinner for family and friends.
I do have one small banking tip that’s holiday related. If someone in your family belongs to a credit union, you are typically eligible to join that credit union. For most credit unions, only immediate family members can join this way. Immediate family usually includes grandparents, parents, spouses, siblings, grandchildren, and children. In some cases, credit unions allow most all family members to join this way, including uncles, aunts, nephews, nieces and cousins.
So when you’re meeting with family for the holidays, you may want to see if there are any credit unions you can join via a family member. Also, if you’re informing an immediate family member about a deal that you have participated in, like the 17-month special CD at Navy Federal, remember that they can join through you. They don’t need to join an association to qualify for membership. In 2013, my brother joined the National Military Family Association to become a PenFed member so he could get that 3.04% 5-year CD. I was already a PenFed member, and I had forgotten to inform my brother that he was eligible for PenFed membership based on my membership.
Merry Christmas and Happy Holidays to All!