Political Action

At the Iowa State Capitol in Des Moines on Feb. 6, Dupaco President/CEO Joe Hearn illustrates the credit union's positive member impact to Iowa Senator Craig Johnson.

Your Money for Good.

Credit unions like Dupaco are not-for-profit financial cooperatives created for the purposes of*:

  • Creating a source of credit at a fair and reasonable rate of interest;
  • Encouraging habits of thrift among its members; and 
  • Providing an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition.

*State of Iowa Code. Chapter 533.102: Definition of "Credit Union."

Dupaco Community Credit Union continues to pursue and fulfill its social mission to serve and enrich the lives of its more than 104,000 members. This ideal is as true today as it was in 1948, when 10 Dubuque Packing Company employees founded the credit union on the philosophy of cooperation and mutual self-help. For example:

  • Provided members an annual direct financial benefit of $13,018,368 compared to Iowa banks rates and fees. This is equivalent to more than $251 per household.*
    Credit Union National Association data as of Sept. 30, 2017.
  • Shared with members more than $3.17 million as part of their participation in the Thank Use campaign. As owners of the cooperative, members pay taxes on this direct patronage giveback.
  • Provided free credit score tracking and education into member online banking. More than 81% of members who used Dupaco’s free Bright Track improved their credit score by at least one credit tier after at least 12 consecutive months actively using the tool. 
  • Performed more than 2,000 Dupaco Money Makeovers. These 45-minute one-on-one sessions help individuals identify ways to cut costs and free up money to systematically save for a brighter future. For anyone—members AND nonmembers.
  • Taught tens of thousands of consumers how to drive up their credit score and pay less through Credit History Lessons. As a result, many members who had past credit difficulties have been able to reduce interest rates, eliminate fees, and get back on the road to financial success. Dupaco will even lower loan rates for members as their score improves. For anyone—members AND nonmembers.
  • More than one out of four consumer loans made by Dupaco is a small-dollar loan of $2,500 or less—more than 8,306 loans in 2017. These do not include credit card advances or overdraft protection.
  • Continued its 36-year expertise in providing loans to Iowa small businesses. Dupaco’s median business loan amount is $40,000.
  • The U.S. Treasury certified Dupaco as a Community Development Financial Institution (CDFI) because of the credit union’s proven track record serving low-income communities and people who lack access to financing. Dupaco is just one of eight CDFIs in the state of Iowa.
  • Provided matched savings grants (individual development accounts) to help low-income individuals obtain sustainable wealth-producing assets like homes, small businesses, and education.
  • Iowa families need credit unions like never before. In Iowa, 31% of all households face daily financial hardships. According to the United Way, 12% of Iowa households (148,239) live in poverty, while another 19% (233,027) earn enough to be above the federal poverty level, but not enough to afford a basic household budget of housing, child care, food, transportation and health care.

It's your money. Dupaco is your credit union. Please tell lawmakers you want them for good. 

Click here to Take Action

Comments (3)
Political Action
Lisa M
 • 630 days 17 hrs 31 mins 8 secs ago
I am grateful for our present CEO Joe Hearn & past CEO Bob Hoefer for the high priority they place on educating Dupaco members on our political candidates at the State Level. Since Dupaco is chartered in & affected by State Law this topic should be highly important to ALL members of Dupaco having money to invest or borrow. A member for 30+ years, former Dupaco employee of 20+ years & prior local bank employee I have heard many different opinions from numerous political candidates,past customers & members. The bottom line still remains-as a member of Dupaco it does not matter the party one votes for however, it will make a HUGE difference in your "membership" with Dupaco should you not choose the right candidate because you have not been educated properly. A wrong vote could mean all the difference in the world how credit unions like Dupaco can give back to the members that have ownership with them & are not just a number. By keeping your business with a credit union, CEO's as mentioned above will continue to fight at the political level as if each & every member were like "family" to them. Keep up the good work Joe & Bob in looking out for us as I am so proud of my membership with Dupaco. Your dedication & desire along with your strong team of employees working together to keep Dupaco's membership STRONG has kept me a highly satisfied member for many years past, present & years to come!!
 

Political Action
Lisa M
 • 630 days 17 hrs 31 mins 8 secs ago
I am grateful for our present CEO Joe Hearn & past CEO Bob Hoefer for the high priority they place on educating Dupaco members on our political candidates at the State Level. Since Dupaco is chartered in & affected by State Law this topic should be highly important to ALL members of Dupaco having money to invest or borrow. A member for 30+ years, former Dupaco employee of 20+ years & prior local bank employee I have heard many different opinions from numerous political candidates,past customers & members. The bottom line still remains-as a member of Dupaco it does not matter the party one votes for however, it will make a HUGE difference in your "membership" with Dupaco should you not choose the right candidate because you have not been educated properly. A wrong vote could mean all the difference in the world how credit unions like Dupaco can give back to the members that have ownership with them & are not just a number. By keeping your business with a credit union, CEO's as mentioned above will continue to fight at the political level as if each & every member were like "family" to them. Keep up the good work Joe & Bob in looking out for us as I am so proud of my membership with Dupaco. Your dedication & desire along with your strong team of employees working together to keep Dupaco's membership STRONG has kept me a highly satisfied member for many years past, present & years to come!!
 

politics
Louis
 • 1382 days 9 hrs 4 mins 54 secs ago
I would be thankful if Dupaco did not push their Political views on me in their news letter. Their members all have different views when it comes to whom they want in office. I have checked with the candidates I will vote for and none of them are for taxing Credit Unions, but they are not listed. Louis C. Mahe
 

Re: politics
Dupaco Moderator
 • 1379 days 12 hrs 54 secs ago
Hi Louis, It is not Dupaco's intention to tell our members how to vote. Rather, we try to give our members a different perspective. The reasoning behind our choice to list only 10 candidates in our newsletter is that Dupaco is chartered in and affected by Iowa law, therefore we focus on candidates in this state. For more information, please look go to: /dupacodaily/2014/10/ten-candidates-working-toward-advancement-of-credit-unions.html
 

no tax on credit union members
Leota Shayer
 • 1607 days 10 hrs 16 mins 51 secs ago
No new tax on credit union members!
 

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