Rates

DIVIDEND Rates effective as of November 14, 2017 and are subject to change without notice.

Account Type Rate APY*
Minimum Balance
to Open
Primary Membership Share*** 0.995% 1.00%  $10.00
Share Savings(Passbook)*** 0.995% 1.00%  $ 0.00
SEP Share Savings*** 0.995% 1.00%  $ 0.00
Trad/Roth IRA Share Savings*** 0.995% 1.00%  $ 0.00
HSA*** 0.995% 1.00%  $ 0.00
Checking (Share Draft)**** 0.25% 0.25%**  $ 0.00
Term Share Certificate - 6 month 0.50% 0.50% $1,000.00
Term Share Certificate - 12 Month 1.49% 1.50% $1,000.00
Term Share Certificate - 24 Month 1.736% 1.75% $1,000.00
Term Share Certificate - 36 Month 1.736% 1.75% $1,000.00
Term Share Certificate - 48 Month 1.982% 2.00% $1,000.00
Term Share Certificate - 60 Month 2.227% 2.25% $1,000.00
Traditional IRA One Year Term Share Certificate 1.49% 1.50% $250.00
Traditional IRA Two Year Term Share Certificate 1.736% 1.75% $250.00
Traditional IRA Three Year Term Share Certificate 1.736% 1.75% $250.00
Traditional IRA Four Year Term Share Certificate 1.982% 2.00% $250.00
Traditional IRA Five Year Term Share Certificate 2.227% 2.25% $250.00
Roth IRA One Year Term Share Certificate 1.49% 1.50% $250.00
Coverdell ESA Share 0.99% 1.00% $250.00
Coverdell Savings 12 month Term Share Certificate 1.49% 1.50% $250.00
* Annual Percentage Yield is based on interest being compounded quarterly and that interest remains on deposit. A withdrawal of interest will reduce earnings.
   
**Annual Percentage Yield is based on interest being paid monthly and that interest remains on deposit. A withdrawal of interest will reduce earnings. Dividends earned on accounts maintaining a minimum daily balance of $500.  Rates may change after account opening.
   
***Dividend Rate Information:The dividend rate and annual percentage yield may change every dividend period, as determined by the Credit Union Board of Directors. Contact DCCU to confirm current rates, 320-769-2908 or 320-329-3152.  Compounding and Crediting:Dividends will be compounded quarterly and will be credited to your account quarterly.  Dividend Period:For this account type, the dividend period is quarterly.  If you close your account prior to payment of a dividend, you will not receive any accrued dividend.  Daily Balance Computation: Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.  Minimum Balance Requirements: The minimum required to open a Primary Membership Share and maintain membership is the purchase of a $10 share in Dawson Co-op Credit Union. The minimum daily balance required to receive the disclosed annual percentage yield (APY) is $10.00.  Fees: Fees, as disclosed in our Fee Schedule, may reduce the earnings on this account.  Transaction Limitations For All Savings Accounts: Regulation D requires that during any calendar month you may not make more than six (6) withdrawals or transfers to another Credit Union account of yours or to a third party by means of a preauthorized or authomatic transfers; transfers authorized by phone, fax, or online; and transfers by check, debit card, or similar order payable to third parties.  Other types of transfers and withdrawals, such as those made in person, by mail, transfer to loan, or at an ATM can be made without limitation.
   

****Dividend Rate Information: The dividend rate and annual percentage yield may change every dividend period, as determined by the Credit Union Board of Directors.  Compounding and Crediting: Dividends will be compounded monthly and will be credited to your account monthly. Dividend Period: The dividend period is monthly.  The dividend declaration date is the last day of the dividend period.  If you close your account prior to payment of a dividend, you will not receive any accrued dividend.  Daily Balance Computation: Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.  Minimum Balance Requirements: There is no minimum balance required to open or maintain this account; however, a minimum daily balance of $500 must be maintained to obtain the disclosed  Annual Percentage Yield (APY).  Fees:  Fees, as disclosed on our Fee Schedule, may reduce the earnings on this account.  Transaction Limitations: No transaction limitations apply to this type of account.

  Term Share CertficateOwnership: If your term share certificate is opened in the names of two or more persons, it is a joint ownership account with full rights of survivorship. Any of the joint owners may obtain withdrawals from the account at or prior to maturity. This certificate may not be pledged, transferred, or assigned to any party other than the Credit Union (12 CFR, Part 204) Dividend Rate Information: The dividend rate and annual percentage yield may change at maturity, as determined by the credit union Board of Directors. The dividend rate can be found in our rate schedule. You will be paid this rate until your initial certificate matures. Dividends are based on the Credit Union's available earnings at the end of a dividend period and, by Federal Regulations, cannot be guaranteed. Average Balance Computation: Dividends begin to accrue on date of deposit and are computed on the average daily balance, which is calculated by adding the balance in the account each day of the quarter and dividing that by the number of days in the quarter. Compounding and Crediting: Dividends will be compounded daily and will be credited to your account monthly. Dividends will be earned daily for each day on which the account balance equals or exceeds the minimum daily balance requirements for this account. Dividend Period: For this account type, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 through January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31. Minimum Balance Requirements: The minimum balance required to open a term share certificate is listed in our rate schedule. You must maintain this minimum balance on a daily basis to earn the annual percentage yield disclosed in our rate schedule. Early Withdrawal Penalties: If certificate funds other than dividends are withdrawn prior to maturity, A SUBSTANTIAL PENALTY IS IMPOSED as follows: The penalty is a forfeiture of earned dividends. The principal amount upon which earned dividends are forfeited is the amount withdrawn unless the amount withdrawn reduces the balance below the minimum balance required for the certificate. In that event the principal amount upon which earned dividends are forfeited is the entire amount of the certificate. If the maturity of the certificate is less than one year, the forfeiture of dividends is equal to the smaller of the following two amounts: dividends since the date of issuance or renewal, OR three months' dividends. If the maturity of the certificate is one year or more, the forfeiture of dividends is equal to the smaller of the following two amounts: dividends since the date of issuance or renewal, OR six months' dividends. The penalty does not apply to any withdrawal subsequent to the death of any owner or if the withdrawal is made after age 59 1/2 from the credit union's Standard Individual Retirement Certificate. There may be certain circumstances, such as death or incompetence of any owner, where we may waive or reduce this penalty.  See your Plan Disclosure if this account is part of an IRA or other tax qualified plan. Withdrawal of dividends prior to maturity: The annual percentage yield (APY) is based on an assumption that dividends and principle will remain in the term share certificate account until maturity. A withdrawal will reduce earnings. However, you may withdraw dividends monthly, quarterly or semi-annually. Transaction Limitations: You may withdraw posted dividends monthly, quarterly or semi-annually. During any month you may not make more than six (6) withdrawals or transfers to another credit union account of yours or to a third party by means of a pre-authorized, automatic, Debit Card transfer, internet computer transfer, telephonic order of instruction, or similar order to a third party. No more than three of the six transfers may be made by draft, Debit Card, (if applicable), or similar order to a third party. If you exceed the transfer limitations herein, your account may be assessed additional fees and/or will be subject to closure. You may not add funds to this account during the term. Renewal Policy: The account will automatically renew on the maturity date. Each renewal term will be the same as the original one, beginning on the maturity date (unless we notify you in writing, before a maturity date, of a different term). On the maturity date, the dividend rate you receive will be the same as those rates the Credit Union offers on new term share certificates which have the same term, minimum balance and other features of your original term share certificate. To obtain current dividend rate information call 320-769-2908 or 320-329-3152. There is a ten (10) day grace period for withdrawals from this term share certificate after it matures. If this term share certificate is presented for payment on its maturity date or within ten (10) days thereafter, no penalty shall be imposed but no interest shall be earned after the maturity date. Notices will be mailed to you at least 20 days prior to the maturity date. NON-NEGOTIABLE/NON-TRANSFERABLE AS DEFINED IN REGULATION D The original/renewal certificate is subject to the terms and conditions of the Membership and Account Agreement and Truth in Savings Disclosure.   For information about applicable fees and terms contact us. Truth In Savings Disclosure10-2015        

LOAN Rates effective as of August 15, 2016 and are subject to change without notice.

LOAN TYPE ANNUAL PERCENTAGE RATE
Agriculture Contact Ag Loan Officer
Commercial Contact Loan Officer
Line of Credit/ Overdraft Protection Maximum Fixed rate 18.00% APR*
New Cars, Pickups*** Fixed rates as low as 3.25% APR* for purchases
Personal Secured*** Fixed rates as low as 5.50% APR*
Personal Unsecured*** Fixed rates as low as 6.50% APR*
Real Estate Call for rates and terms
Recreational*** Fixed rates as low as 4.50% APR* for purchases
Share/Certificate Secured 2.00% above the current APY**of the share/certificate dividend rate
Used Cars, Pickups*** Fixed rates as low as 3.75% APR* for purchases
VISA Credit Card Maximum Fixed rate 6.90% APR*
*APR = Annual Percentage Rate.
   
**APY = Annual Percentage Yield
   
***Loans are subject to credit approval. Rates and terms may vary.  The actual rate is based on the applicant's credit and payment history and the length of the repayment period.  This rate includes a .25% discount for members with an active checking account, and a .25% discount with an automatic repayment.
   
Dawson Co-op Credit Union membership is required.
 
Reg C-Home Mortgage Disclosure Act   Reg B-Equal Credit Opportunity Act   Reg Z-Truth In Lending ClosedEnd-RegZ   VISA Credit Card Disclosure-Open End   Line of Credit/Overdraft Protection Agreement & Disclosure