Iowa-based DuTrac Community Credit Union (DuTrac CCU) recently brought back its 25-month CD Special. First added to the product line in April 2016, the 25-month CD Special initially had tiered rates based on deposit balances of $5k+, $100k+, and $200k+. Rather than offering tiered APYs, DuTrac CCU is currently offering two separate products: 25-month CD Special ($500 min) and 25-month Jumbo CD Special ($100k min).
As stated in the fine print on the Rates page,
Not valid for brokered deposits, institutional investors or Public Funds. EcoPlus Checking Account Bonus of .25% does NOT apply.
Interest is compounded quarterly and paid quarterly. Dividends will be credited by adding the interest to the principal; interest cannot be withdrawn before maturity.
According to CSR, the Early Withdrawal Penalty on any CD with a term greater than 12 months is 90 days interest on the amount being withdrawn, with partial withdrawals allowed.
Headquartered in Dubuque, Iowa, DuTrac Community Credit Union’s field of membership (FOM) is community-based, with individuals who live or work in any of 16 northeast Iowa counties, four northwest Illinois counties, or one southwest Wisconsin county eligible for membership.
Iowa: Allamakee, Buchanan, Cedar, Clayton, Clinton, Delaware, Dubuque, Fayette, Jackson, Johnson, Jones, Linn, Louisa, Muscatine, Scott, and Winneshiek Counties
Illinois: Henry, Jo Daviess, Rock Island, and Whiteside Counties
Wisconsin: Grant County
Family members of current DuTrac CCU members also qualify for membership.
Joining DuTrac CCU can be done online or in person at any of the 12 full-service Iowa branches located in Clinton, Davenport (2), Dubuque (5), Dyersville, Eldridge, Maquoketa, and Monticello or the sole Illinois branch in Moline.
Opening a CD Special or Jumbo CD Special can be opened at any of the above-mentioned branches, but not online. You can also contact DuTrac CCU by phone (563. 582.1331 or 800.475.1331) or email ([email protected]) to start the application process.
A minimum $5 deposit in a Share Savings account is required when joining DuTrac CCU.
Members have access to over 55,000 ATMs around the world with 40,000 ATMs in the USA, through DuTrac’s partnership with the Allpoint ATM Network. Allpoint ATMs may be found within Target, Walgreens, CVS, as well as Kwik Stop Stores.
Credit Union Overview
DuTrac Community Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.50% (excellent) based on December 31, 2021 data. In the past year, DuTrac CCU has increased its total non-brokered deposits by $78.37 million, an excellent annual growth rate of 10.01%. Please refer to our financial overview of DuTrac Community Credit Union (NCUA Charter # 64471)for more details.
Chartered in 1946, DuTrac Community Credit Union was originally known as the John Deere Dubuque Tractor Works Credit Union, established for the benefit of the Dubuque Tractor Works employees. Like so many fledgling credit unions, DuTrac CCU started its journey in a small office (inside the plant), with few members (56), and modest capital (about $2,000 in deposits and outstanding loans of $1,195). Following a charter change, natural growth, and mergers with a few other credit unions, DuTrac CCU is currently Iowa’s sixth largest credit union, with nearly 49,000 members and assets in excess of $980 million.
How the 25-Month Jumbo CD Special Compares
When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, only one bank has a higher rate than offered on the DuTrac Community Credit Union 25-month Jumbo CD Special, regardless of minimum deposit requirements. The following table compares the 25-month Jumbo CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.
The above information and rates are accurate as of 4/14/2022.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.