Pay your bills on time All of them, every time, period. Keep your credit utilization rate low “Weigh account balances relative to credit limit to ensure usage is at or below @ 10%,” stated John Ulzheimer, credit expert, formerly of FICO and Equifax. If higher than 10%, it is an indication of possible added risk. Those consumers having the highest average FICO scores have a utilization of 7%.FICO’s scoring systems don’t differentiate between those who pay revolving credit sources, e.g. credit cards, in full each month and those who carry a balance. A utilization rate at the time a lender...
News and Events
2022 Holiday Kids Concerts
DuTrac has once again partnered with local radio stations to present recordings of holiday concerts held at area schools. We’re...
A Dozen Ways to Save your Paycheck
Pay yourself first! Decide on a specified percent of your take-home pay for savings and set those funds aside before...
Fall 2022 Newsletter
Read the latest news from DuTrac Community Credit Union: Fall 2022 Update.
Join no-cost retirement seminar Oct. 13
Just as your lifestyle and goals differ from others, everyone has one need in common – a financial plan. Join...
Sweepstakes and lottery scam
This simple scam is one with which most credit unions are familiar. In this one, scammers inform a member that...
No-cost estate planning webinar on November 2
According to caring.com, most individuals believe estate planning is essential, but only 33% of individuals have a plan in place....