Current Rates
At Dawson Co-op Credit Union, we have a variety of Checking, Savings, and loans available to our members. Find the latest rates below to secure the option that is best for you and your family. Contact one of our helpful specialists to learn more about each account.
Current Rates
You make your own decisions. So do we. When you apply for a loan with us we don’t have to consult someone from out-of-town to give you an answer. Contact a loan officer for details. Or log into Online Banking, Accounts Tab, Loan Application and complete a secure application.
Dividend Rates for Dawson Co-op Credit Union
DIVIDEND Rates effective as of May 18, 2023 and are subject to change without notice.
| Account Type | APR | APY* | Minimum Balance to Open |
|---|---|---|---|
| Primary Membership Share*** | 1.986% | 2.00% | $10.00 |
| Share Savings(Passbook)*** | 1.986% | 2.00% | $ 0.00 |
| SEP Share Savings*** | 1.986% | 2.00% | $ 0.00 |
| Trad/Roth IRA Share Savings*** | 1.986% | 2.00% | $ 0.00 |
| HSA*** | 1.986% | 2.00% | $ 0.00 |
| Checking (Share Draft)**** | 0.349% | 0.35%** | $ 0.00 |
| Term Share Certificate - 12 Month | 4.029% | 4.10% | $1,000.00 |
| Term Share Certificate - 24 Month | 4.173% | 4.25% | $1,000.00 |
| Term Share Certificate - 36 Month | 3.497% | 3.55% | $1,000.00 |
| Term Share Certificate - 48 Month | 3.497% | 3.55% | $1,000.00 |
| Term Share Certificate - 60 Month | 3.497% | 3.55% | $1,000.00 |
| IRA One Year Term Share Certificate-Traditional & Roth | 4.029% | 4.10% | $250.00 |
| IRA Two Year Term Share Certificate-Traditional & Roth | 4.173% | 4.25% | $250.00 |
| IRA Three Year Term Share Certificate-Traditional & Roth | 3.497% | 3.55% | $250.00 |
| IRA Four Year Term Share Certificate-Traditional & Roth | 3.497% | 3.55% | $250.00 |
| IRA Five Year Term Share Certificate-Traditional & Roth | 3.497% | 3.55% | $250.00 |
| Coverdell ESA Share | 1.986% | 2.00% | $250.00 |
| Coverdell Savings 12 month Term Share Certificate | 4.029% | 4.10% | $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. Rates may change after account opening.
**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. A withdrawal of interest will reduce earnings. Rates may change after account opening. 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.
Loan Rates for Dawson Co-op Credit Union
LOAN Rates effective as of May 9, 2023 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 4.75% APR* for purchases |
| Personal Secured*** | Fixed rates as low as 7.50% APR* |
| Personal Unsecured*** | Fixed rates as low as 8.25% APR* |
| Real Estate | Call for rates and terms |
| Recreational*** | Fixed rates as low as 5.50% 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 5.25% APR* for purchase |
| 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 Agreement & Disclosure 1-2017 Line of Credit/Overdraft Protection Agreement & Disclosure