A Vacation Account allows you to save throughout the year, then those savings are transferred automatically on May 1 to the account you choose during this application process.
I authorize 1st Cooperative Federal Credit Union to initiate the transfer of funds from my 1st Cooperative Savings Account (Vacation Account) to my account at the financial institution below.
This authorization is to remain in full force and effect until 1st Cooperative FCU has received written notification from me of its termination. I must notify the credit union three days prior to the effective date of the authorized withdrawal or deposit and afford the credit union a reasonable opportunity to act.
I understand that, if funds are withdrawn before May 1, the account will be closed and not reopened until the following May1.