This dividend bearing savings/distribution account is designed to help Oakland University faculty set aside a portion of their salary for distribution during the summer months when Oakland University payroll will not be disbursed. The account allows for automatic summer month distributions to an OU Credit Union account you designate.

• Earns the same amount of dividends as our IMMA Savings Account Tier 1
• Deposits can be made by payroll deduction or automatic transfer with the exception of your initial deposit
• Withdrawals can only be made during the months of May, June, July, and August
• Funds will be transferred automatically to your OU Credit Union checking or savings account

Apply for your account by clicking the Apply Now button to download our Summer Pay Savings Account Form.