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Deposit Accounts Credit Union (DACU)

denki
  |     |   159 posts since 2019

Here's a crazy idea. And if it ever happens years from now, you can look back to this post.

With so many CUs expanding their Fields of Membership, why join dozens of them to get a once-only special? Instead, how about all of us here at DA form our own credit union?! The "Deposit Accounts Credit Union" (DACU). After all, many credit unions started out with just a few people...

Only problem I forsee... how to make up for the (naturally) high deposit rates demanded of its members.

Shared Branch. Hub-friendly. $5,000,000/day ACH limit. Fixed, No-Penalty, EWP-free Add-On CDs paying 3% over the fed rate (let's not get TOO greedy...) Additional 3rd party insurance to supplement NCUA's. The various offered CDs and financial products named after DA members (like the 60-month EWP-Waived "SouthernGirl Special"). And a free Document Scanner for each opened CD. Annual meetings held at Ken's place (BYO BBQ).

What could go wrong?!

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13


txFish1
  |     |   479 posts since 2023
denki I would like to be the first member and would like to open a 60 month EWP-Waived SouthernGirl special. By the way what brand is the free Document Scanner?
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5
me1004
  |     |   1,381 posts since 2010
What? No free toaster? Oh, forget it! (But I'll be at the BBQ.)
Reply
5


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