Share the wealth
Members of Dupaco are the owners of the financial cooperative, so they share in the success of the credit union too. Here’s how it works: In the language of credit unions, your savings account is called a “share account.” You will "share" that deposit with other Dupaco owners. In other words, we loan out the money you deposit to other members.
After we loan out your money to other owners, you get a portion of the earnings from interest, proportionate to your deposit. We deduct our operating expenses and put money into our reserves, and then you’ll get something back in the form of dividends added to your account. When we have surplus earnings, we return them to you, our owners, through:
You’ll get just what you need at Dupaco:
- Lower loan rates
- Higher dividends
- Enhanced access, such as more branches, ATMs, electronic services, and more
- New low- or no-fee programs and products
Your money is safe at Dupaco
- A lifelong, value-added membership
- Higher dividends
- Lower rates and fees
- Bonus discounts on loans, based on account relationships
- A wide variety of loan services and savings products
- More consumer-friendly programs and services
- Lifestyle-tailored products
- Easy access to your money—whether you’re in town or across the globe
- High-tech, home-based transactions
- Control over credit union decisions
- Fewer rules and hassles
- Professional financial guidance
At Dupaco, your deposits are federally insured for up to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. We also take additional measures to be sure your money is secure at Dupaco. We bond every one of our company officials and staff members, conduct annual audits—both internally and through an accredited accounting firm—and our records are examined regularly by the NCUA and State of Iowa Credit Union Division.
In addition, we maintain a financially strong reserve position to ensure your protection. Members of federally-insured credit unions have not lost one penny in the entire history of credit unions.
No-cost life savings insurance
Your share savings account is automatically insured up to $2,500—at no cost to you. If you die, your beneficiary receives not only your account balance, but your matching insurance benefits as well, up to $2,500.* Banks don’t offer this insurance. It’s unique to your credit union.
The benefit amount is based upon the balance in the share savings account and the age of the savings account holder at the time of death. Your covered deposits must be made before you reach age 65. More on life-savings insurance
Free accident insurance
As a Dupaco member/owner, you’ll be eligible to receive a $1,500 Accidental Death and Dismemberment insurance policy. Free. We’ve arranged this no-cost benefit, and we take care of the insurance premiums for you. All you have to do is sign up and it’s yours.