With recent announcements regarding bank failures, DuTrac views this as an opportunity to provide its members with peace of mind during a period when many of us do not have access to all the facts. We also want to re-assure our members of the safety and soundness of their credit union deposits, and to remind members of the credit union difference as a member-owned financial cooperative.
Pay yourself first! Decide on a specified percent of your take-home pay for savings and set those funds aside before paying any other expenses. Collect coins in a jar. Bank your refunds. Rather than spending an income tax refund, use it to pay down a high-interest credit card debt. Continue paying a loan. Once you...
Making a budget is the most important step in controlling your money. A budget allows you to track your Income (the money that you have) and your Expenses (the money you spend). By writing down your monthly income and expenses, you can see how much money you expect to have for the month and plan...
The first step is to understand how credit works and begin making a plan. Lock away your credit cards. Now, do not close your accounts just yet. You may have difficulty getting new cards if your credit rating is poor. So the first step is to stop using them and stick to your immediate goal...
Read the latest news from DuTrac Community Credit Union: Winter 2021 Update.
Please join us for our virtual 2021 Annual Meeting. We’ll review the 2020 Annual Report and share insights about the year to come.
DuTrac Community Credit Union is pleased to announce their recent gift of $1.3 million to the Iowa Credit Union Foundation (ICUF) in order to establish the new DuTrac Community Credit Union Fund (DuTrac Fund). The DuTrac Fund is a donor advised fund that will be administered by ICUF. Since its founding in 1946, DuTrac Community Credit Union has...
Maintain Your Reputation The loan officer keys your application information into the computer, but you are thinking of the new ride you are going to buy. Those thoughts are interrupted when the loan officer drops the bomb. You do not qualify for a loan; you credit report has too many negative events. Poof – the...
Used responsibly, credit cards can be helpful in an emergency and for establishing a sound credit history. Paying debts on time, including credit card bills, contributes to building good credit. If a card holder does not honor their payment agreement, your credit rating can be damaged and you may not be able to get credit again...
Stick to a Budget The word budget scares off many adults as well as teens, but a budget is the best way to ensure discipline with your finances. Start by estimating monthly expenditures for major categories such as school expenses, transportation, food, clothing and entertainment. Keep tabs on spending with an Excel spreadsheet or keep...
