Does anybody still contribute to a Christmas Club account?
I guess the question really is, do banks still offer them during these times, when many people live paycheck to paycheck?
That's a good question. A quick look online reveals that, surprisingly, they're still around. First Federal of Lorain still has one, and Northwest offers something called a Holiday Account, which I assume is the equivalent.
But neither of these organizations seem to devote any advertising dollars (or even social media posts) to promote these clubs.
Anyway, that wasn't the case 70 years ago. Just about every local bank or savings & loan promoted their Christmas Clubs in the "Gift Ideas for a Jolly Christmas" catalog (featured on yesterday's post).
Here are the three Club ads, for First Federal Savings and Loan Association of Lorain, Lorain Banking Company (which became Lorain National, and later, Northwest) and Citizens Home and Savings Association.