Payroll Deduction/Automatic Payment Transfer The ability to have money automatically deducted from your accounts in order to conveniently make a loan payment or an account deposit is a service which is available to members whose employers participate in payroll deduction. It provides the member with a quick, 'painless' and convenient way to save money on a regular basis and make deposits and loan payments automatically, safely and securely. (I mean, why wait in line to make a deposit or trust the post office to deliver your check in time?) With Payroll Deduction/Automatic Payment Transfer, your paycheck, loan payments and deposits are made computer-to-computer, virtually eliminating the need for envelopes and postage stamps! Contact our office to find out how to set up Payroll Deduction and/or Automatic Payment Transfer. Vacation Club/Holiday Club Spectrum FCU offers an easy way during the year to save each pay period for that special gift or vacation - opening a Spectrum Vacation Club or Holiday Club Account! With a Spectrum Vacation Club Account or Holiday Club Account, your money (any amount you choose) is automatically deposited to your specific account and a check is automatically mailed to you through the year, depending upon which account you have. (NOTE: You CAN have BOTH accounts, in which case you will receive two checks, one for each type of club account.) NOTE: Vacation Club Account checks are disbursed in May (in time for your summer vacation). Holiday Club Account checks are dispursed in November (in time for holiday spending). Setting up an account is easy. Contact us and let us know which account you'd like to open and how much you want automatically deposited each pay period. Setting up direct deposit of your paycheck and then automatic deposit of some money into a ready-made, dividend earning Holiday or Vacation Club Account is so convenient and makes so much sense! Enjoy the convenience of spending money that was painlessly accumulated automatically and sail through your vacation or holiday with peace of mind!