to Improve Your Financial Life:
Start your PAYROLL DEDUCTION
Thanks so much
for wanting to set up an automatic deposit to your savings account with us.
It’s a good way to build up savings quickly:
“out of sight, out of mind.” Automatic
deposits also help our savings co-op grow.
To get things rolling, here’s all you do:
we have no cash, no ATMs, short hours, only one location, and a limit of 2
withdrawals per account per month, you will need to keep funds you may need
for emergencies and regular living expenses elsewhere.
strongly recommend that you begin with small
electronic deposits and gradually work up to larger ones.
electronic funds will make payments on a Cal Feminist loan, you have this
option: out of a deposit of, say,
$250, you may have us pay $200 on your loan and leave the other $50 in your
savings. After 4 months your share
balance will be equal to one extra payment.
Even if your income is interrupted or your electronic deposit is delayed,
you’ll still have enough in savings to enable us to transfer your
electronic deposits; we do not initiate them.
Please ask your employer, government agency, or checking institution to set
up the electronic deposit or bill-pay for your account here.
· Please take advantage of our free articles and worksheets to help you do an even better job of managing your spending and saving. For a list of “Freebies,” click on Financial Education look at the Membership Application (even if you’re already a member).
contact us if you have questions. Thanks
again for your support of our savings and lending cooperative.
fees, click on Truth-In-Savings