News

Good for 6 months on Balance Transfers and Purchases

Our Credit Card is Better.

• Fixed 9.9% APR*
• Rewards program
• No annual fee
• No interest rate hike penalties
• No cash advance fee
• No balance transfer fee
• No confusing ifs, ands or buts

*Annual Percentage Rate, will return to the fixed rate of 9.9% for Platinum MasterCard or 13.9% for Regular MasterCard after 6 months. New DCU cardholders will receive 0% for 6 months on balance transfers, purchases, and cash advances. Offer good upon approval. Existing DCU cardholders will receive 0% interest for 6 months on balance transfers. Must qualify. See credit card agreement for full disclosure.

Hours of operation at 1919 Woodall Rodgers branch are:

Full service drive: 8-6 Mon-Fri &  9-1 on Saturday.
Lobby:  9-5 Mon-Fri &  9-1 on Saturday

The Urban Market branch at 1500 Jackson St. is now closed.

In this month's statement, you may see format changes for some of your loans. These changes are a result of the Regulation Z - Truth in Lending updates that were mandated by the Federal Reserve. Loans that appear in this new format will include the following sections: Information, Transactions, Fees, Interest Charged, Totals Year-to-Date and Interest Rate Detail.

The information section includes the following:

• Loan Previous Balance - Ending balance on the prior statement.
• New Balance - Ending balance for the statement.
• Change to Balance - Amount the balance changed during the statment period.
• Minimum Payment Due - Payment amount for the loan.

Additionally, the Payment Due Date, Past Due as of Date, Credit Limit and Number of Payments print in this section.

The Transactions section includes payments and advances to the loan. Payment details such as interest, late charges and the change to balance will no longer be provided. Fees and interest collected will not be printed in this section. The regulation mandates this information be reported in the Fees and Interest Charged sections.

The Fees section includes fees imposed on the loan, regardless if they affect the loan balance. Fees may include any late payment fees collected when a payment is applied to the loan, insurance or debt cancellation premiums and any one time fees. Fees collected from a share account may be reported in the fees section for a loan. A total of fees collected during the reported period is also included in this section. Total fees may not reflect all activity in the section. The reversal of fees reported on a prior month's statement may not be reflected in the current month total. The total fees reported for the statement period will begin accumulating based on fees that were assessed during June and forward.

The Interest Charged section includes interest collected when payments are applied. A total of interest collected during the reporting period is also included in the section. The total may not reflect all activity in the section. The reversal of interest reported on a prior month's statement may not be reflected in the current month total. The total interest reported for the statement period will begin accumulating based on interest that was collected during June and forward.

The Totals Year-to-Date section includes the total fees and total interest charged for the reporting year.

The Interest Rate Detail section includes the interest rate and the balance subject to the interest rate for the time period applicable. An entry will record any change to the balance at the end of a day or the effective date of a rate change. If multiple transactions are applied on the same day, only the ending balance for the day will be reflected. There will not be an entry for each change in balance that happens on the same day.

We hope this overview of the new loan format will be helpful in reading and understanding the changes to your loan statement information.

Want to find a great credit union credit card?

Want to know if your current credit union has a great credit card or not?

Want to learn why credit union credit cards may be better than bank credit cards?

Go to www.creditcardconnection.org

Don’t just take it from us… see what CBS and MSNBC is saying about credit unions.

Click on the following video links for the story.

http://www.cbsnews.com/video/watch/?id=5989790n

http://today.msnbc.msn.com/id/26184891/vp/33478122#33478122

Get your Reward MasterCard Debitcard today and get:

ATM Access:

You can make ATM withdrawals at over 32,000 surcharge free ATMs nationwide that have the Allpoint logo. Click on the Allpoint logo on our homepage to find surcharge free ATMs near you!

Rewards:

You will earn rewards on your purchases by using your Dallas Credit Union debit card and they can be combined if you use your DCU rewards credit card.

Use your Dallas Credit Union cards at gas stations, supermarkets, drugstores, malls, restaurants, or wherever you choose and we'll give you points to redeem for millions of items or travel.

You will earn 1 point for every $2 you spend using your debit card as a signature based (do not use pin) transaction.

You may combine your credit card and debit card points to earn your points faster. You may also choose to combine your family member's points together to earn them even faster!

Register and redeem points at www.uchooserewards.com

You can get pre-approved prior to going to the dealership. Refinance your current vehicle and receive these same low rates!

Also, get .25% off of your rate if you have a DCU Checking Account or DCU Credit Card! (Maximum discount .25%)

New and Used Auto Rates:

• 36 Months                3.99% APR*
• 48 Months                3.99% APR*
• 60 Months                4.99% APR*
• 72 Months**             4.99% APR*

* Annual Percentage Rate

**72 months for new vehicles only; minimum $20,000 on 72 months.

Apply online or give us a call at 214-748-5166.

We love seeing you in our lobby, but if you can't make it in, please use our CU Service Centers. You can access thousands of participating credit unions around the world, including dozens in the DFW metroplex.

Services available include the following:

• Share Deposits/Withdrawals
• Transfers within Members' Accounts
• Loan Payments, Interviews, Closing and Advances
• Balance Inquiries and Transaction History
• Check Cashing, Travelers Checks, Money Orders, Notary & Fax Services

Visit www.cuservicecenters.com for all the locations.

You can make ATM withdrawals at over 32,000 ATM's across the country at NO FEE! You also have access to 689 Dallas/Ft. Worth ATM's in convenient retail locations such as Target, Albertsons, Walgreens, Costco and more.

No minimum balance, no monthly service fee, no per check fees, unlimited teller visits and phone calls. 24/7 online phone and account access, overdraft protection of up to $250 and free MasterCard Rewards debit card!

Why open a Youth Account?

• Introduction to the importance of developing strong banking relationships
• To get in the habit of saving
• Earn money from dividends*
• Introduction to financial institutions and how deposits and withdrawals work
• Has the availability of automatic transfers and direct deposit from an adult’s account

• No Service Fee
• Receive ownership in DCU rather than just another account number at a bank
• We are not-for-profit, so the return goes back to our members
• Receive superior personalized service with lower rates and higher dividends
• We are committed to promoting financial literacy

• Age 2- Kids start asking for specific items at the grocery store.
• Ages 2-4 they learn how to count.
• Age 4 they know they have to pay if they want something at a store.
• 5-6 they know the difference between coins and are making purchases on their own.
• School age kids know that once their money is spent, it’s gone.
• 8-10 they are intrigued that they can earn interest on their money. It’s good to start paying them allowance with checks, so they can make their own credit union transactions.
• Young teens usually make decisions on how they earn and spend their money.
• Older teen’s financial independence increases as they begin using checking accounts, credit cards, and purchasing a vehicle.

Why Now?

It is never too young too late to teach a child about money & good credit!

*When balance reaches $25

When you refer a friend, family member, co-worker – even a total stranger – to Dallas Credit Union and they open a Savings and one other account (checking, money market, IRA, loan, credit card, or term certificate), we’ll deposit $25 into your account. It’s that easy.

This benefit is for all our current members and you can take advantage of it at any time. Click here for an online membership application.

If you'd prefer, give us a call at (214) 748-5166 or stop by our office at 1301 Young Street, Suite 100 in downtown Dallas. We'd love to talk to you!

Thinking about opening an account for your child or grandchild…now’s the time!

Another friend or family member unhappy with his or her bank…send them to us!

Grow your account and help us grow our membership.

DCU offers Free Bill Pay with a Select Checking account.

GENERAL NOTICE TO THE MEMBERSHIP

A verification of member' accounts is being performed as of March 31, 2011. All members should receive a statement. If you do not receive your statement, please contact:

Credit Union Resources, Inc.

Financial and Technology Resources

P.O. Box 655147

Dallas, TX 75265-5147

Although technology provides convenience, it also gives opportunity to others. The terms “spam,” “phishing,” “pharming” have entered the vernacular and show the prevalence of online fraud. In spite of these activities, you can bank online with confidence and protect your identity by following a few simple steps.

• Never give out your information unless you initiate the call or visit. Dallas Credit Union will never solicit your account number. The only time we ask for it is when you call us or you visit us online or in our lobby. This is a good rule to follow with any of your financial institutions.


• Never use an unsecured site to enter personal information. Dallas Credit Union’s online banking products and applications are secured with 128-bit encryption. To see if a site is secure, look for the lock in the bottom left-hand corner in Internet Explorer, a yellow address bar in Mozilla Firefox, and a key in the bottom left-hand corner in Netscape Navigator.


• If you are unsure of a website or email, simply leave or delete it. Never feel obligated to read or respond to an email or give personal information. If you’re unsure of an email, don’t open it and delete it immediately.


• Change your online passwords frequently. Once a month is a good rule of thumb.


• Contact Dallas Credit Union or any of your financial institutions if you suspect fraud.


• Use common sense. If something doesn't seem right, it probably isn't right. If something seems too good to be true, it's probably false.

A useful website in identifying phishing and online fraud is http://www.websensesecuritylabs.com/alerts/. Check this site for updates on internet fraud attempts. We care about your privacy and security and want to do everything we can to help you prevent fraud. Feel free to contact us if you have questions or concerns.