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 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....
Remember “The Golden Rule to Credit”…the higher the better when it comes to a credit score. Consumers have four primary advantages with a higher credit score: Reduces the pain of interest rate hikes, Borrowers qualify for a lower interest rates, Saves money on your monthly loan payments , A higher score will also more likely...
What is Credit and a Credit Score? Credit is the ability to borrow money or access goods or services with the understanding consumers will repay the borrowing with interest later. It is based on weighted factors and shown as a number typically between 300 and 850, called a credit score, A credit score tells lenders a...
Read the latest news from DuTrac Community Credit Union: Fall 2022 Update.
Read the latest news from DuTrac Community Credit Union: Summer 2022 Update.
DuTrac Community Credit Union announces the Grand Opening of its newest branch office from 11 a.m. to 2 p.m., Friday, July 8, at 2770 Middle Road, in Bettendorf. The celebration will include food truck fare, giveaways, tours, and a ribbon-cutting with the Quad Cities Chamber of Commerce. “DuTrac is grateful to the membership for our...
Read the latest news from DuTrac Community Credit Union: Spring 2022 Update.
DepositAccounts.com, a subsidiary of LendingTree, has released its list of 2021 Health Grades for credit unions and banks in the United States. DuTrac Community Credit Union has earned an A+ rating. Each quarter, the organization evaluates the financial health of more than 4,000 federally insured bank and nearly 3,000 federally insured credit unions in the country....
Read the latest news from DuTrac Community Credit Union: Winter 2021 Update.
