Dupaco Community Credit Union is headquartered in Dubuque and is the 3rd largest credit union in the state of Iowa. It is also the 174th largest credit union in the nation. It was established in 1948 and as of September of 2013, it had grown to 248 employees and 71,032 members. Dupaco Community Credit Union's savings rates are 3X the national average, and it boasts a A+ health rating.
You qualify membership if you live or work within the 28-county charter area of Dupaco Community Credit Union. Simply open a savings account with $25 or more. You can retire, change jobs, or move across the country and still remain a member—as long as you keep at least $25 in your savings account. In addition, once you become a member, your immediate family members have automatic eligibility, even if they live or work outside of the counties in the credit union's charter area. - See Details
I travel out of state for my job a lot and am not able to just walk in to my cu. Isn't this why there is online banking ? I have a IRA at another cu and was wanting to transfer it to dupaco cu. I contacted dupaco thru an online banking secure email and they replied to me on my regular email. ?? So now they want all account numbers from the outside cu and they will email me the paperwork via another "jump thru some hoops" secure email. Unable to open this new email to download paperwork and ask them to just send blank paperwork and inform them that I am able to fill in the balnks with my account numbers and then usps mail back. Apparently that can not be done -- 2 days since I requested and no reply.
This cu seems to want to go out of their to complicate things. What will be the headache when I decide to cash out ?
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Dupaco Community Credit Union had $11.32 million in non-current loans and owned real-estate with $145.31 million in equity and loan loss allowances on hand to cover it. This gives Dupaco Community Credit Union a Texas Ratio of 7.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Dupaco Community Credit Union held steady from 7.09% as of September 30, 2012 to 7.79% as of September 30, 2013, resulting in a negative change of 9.87%. This indicates that the balance sheet and financial strength for Dupaco Community Credit Union has held steady in recent periods.
In the past year, Dupaco Community Credit Union has increased its total deposits by $92.74 million, resulting in 10.4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Dupaco Community Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Dupaco Community Credit Union has $1.13 billion in assets with $145.31 million in equity, resulting in a capitalization level of 12.90%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$137.69 million|
|Loan Loss Allowance||$7.63 million|
|Unbacked Noncurrent Loans||$10.84 million|
|Real Estate Owned||$486,000|
|Historic Data - September 2012|
|Equity Capital||$133.50 million|
|Loan Loss Allowance||$7.38 million|
|Unbacked Noncurrent Loans||$10.84 million|
|Real Estate Owned||$509,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.56%|
|Return on Assets||1.78%|
|Return on Equity||14.59%|
|Interest Income||$31.60 million|
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|1.51%||$15k||-||Variable Roth IRA|
|0.55%||$25k||-||Health Savings Account|
|0.25%||-||-||Escrow (Insurance and Tax)|
|0.25%||$2,500||$10k||Insured Money Management|
|0.35%||$100k||-||1st Rate Checking|
|1.81%||$1k||-||60 Month Term Share Certificate|
|1.40%||$1k||-||48 Month Term Share Certificate|
|1.30%||$5k||-||35 Month Special Term Share Certificate|
|1.10%||$1k||-||36 Month Term Share Certificate|
|1.00%||$1k||-||30 Month Term Share Certificate|
|0.80%||$1k||-||24 Month Term Share Certificate|
|0.80%||$5k||-||15 Month Special Term Share Certificate|
|0.70%||$1k||-||18 Month Term Share Certificate|
|0.55%||$1k||-||12 Month Term Share Certificate|
|0.30%||$1k||-||6 Month Term Share Certificate|
|1.81%||$1k||-||60 Month Fixed IRA Certificate|
|1.81%||$1k||-||60 Month Fixed Roth IRA Certificate|
|1.10%||$1k||-||36 Month Fixed IRA Certificate|
|1.10%||$1k||-||36 Month Fixed Roth IRA Certificate|
|0.70%||$1k||-||18 Month Fixed IRA Certificate|
|0.70%||$1k||-||18 Month Fixed Roth IRA Certificate|