DAWSON CO-OP CREDIT UNION

Share Savings Account
There is no minumum balance required to open a share savings account.  There is also no minimum amount for deposits or withdrawals.  Statements are received on savings accounts quarterly.

Certificates of Deposit
We offer CD's in 6, 12, 24, 36, 48, and 60 month terms.  There is a minimum deposit of $1,000.00 on all CD's. A substantial penanlty will be imposed for early withdrawals on all CD's.

Individual Retirement Account
IRA accounts are available at the Dawson Co-op Credit Union.  We offer IRA savings accounts, 1, 2, and 3 year IRA CD's.  All IRA earning are tax deferred.  

US Savings Bonds
Series E, EE, and I savings bonds can be purchased at the Dawson Co-op Credit Union.  Savings bonds are issued at on half of their maturity value.

Health Savings Accounts
To open an HSA, you must select a high-deductible health plan.  An HSA enables to you take control of your health care decisions.  An HSA offers you protection, affordability, savings, felxibility, and protability.  Stop in and talk with a Member Service Representative to see if you qualify.

VISA Check Card
A check card can by used to make withdrawals, transfers, and balance inquiries on checking and savings accounts.  There is a no monthly service fee for which you receive 5 free ATM transactions.  Each additional transaction during the month will have a $.50 transaction fee.  You can use the ATM machine located at the Lac Qui Parle Co-op Oil Company, Watson Corner Store in Watson and any other machine on the Shazam Network free of surcharge.  You can also use your check card in the place of a check at any merchant who accepts VISA.  If you card is lost or stolen please call this number: 1-800-234-5354.

Basic Checking
There is no minimum balance required to open a checking account.  Interest is earned on account with an average daily balance of over $500.00.  There is a $2.00 monthly service fee on the account if the daily balance drops below $500.00.  The fee is waived for students, senior citizen over the age of 60 and anyone maintaining a daily balance over $500.00.  Your monthly statement will list all transactions occurring on the account and for $10.00 a month, your cancelled checks can be returned with your statement.

Overdraft Protection
Overdraft protection is a revolving line of credit that can be attached to our checking account.  When your account becomes overdrawn, the line of credit advances in increments of $100.00.  A monthly payment is automactically deducted out of the checking account if the line of credit has a balance.  The account can be used at any time until your credit limit has been reached.

Auto
We offer automoblie loan for both new and used vehicles.  When purchasing a vehicle if you have 20% down or equity, the intial rate is lower by .50%.  The repayment term can be from 12 to 60 months and students can go up to 72 months for repayment depending on the N.A.D.A Book Value of the vehicle.

Personal
Personal loans are offered either as secured or unsecured.  The repayment term can vary depending on the type and condition of the collateral.

Recreational
Recreational loans can be for motorcycles, RV's, boats, vactions, snowmobiles, lawmowers, and various other consumer products.  The term of repayment wil be consistent with the collateral and dollar amount of the loan.

Agriculture
Agricultural is one of the main sources of income in the area.  The Dawson Co-op Credit Union offers crop operating, livestock operating, machinery purchasing and many other types of agricultural loans.  We have a loan officer available to assist you with all of your agricultural needs.  Please contact Bruce at the Credit Union with all of your agricultural needs.

Home Improvement
We work with the Minnesota Housing Finance Agency to provide affordable financing for the improvement of housing for Minnesota residents with modest incomes.  Several different programs are available.  For more information check out their website www.mhfa.state.mn.us.

Real Estate
Real Estate loans are offered for the purpose of the members primary residence.  Loans may be based on an amortiztion of no more than 25 years with a balloon payment due in 3 years.  The loan value can not be more than 80% of the appraised value of the home.

Share Secured
Share secured loans are available to members that have savings or certificates of deposit at the Dawson Co-op Credit Union or any other institutions.  The rate of the laon is 2.00% above the annual percentage yield that is being earned on the collateral.  The account will be held as collateral for the loan

Student Loan
Student loans provide the financial assistance studens and their parents need to make their education become a reality.  The Dawson Co-op Credit Union offer a referral program through Student Loan Funding.

Federally insured by NCUA

We do business in Accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act