DCCU Routing # 251483311
DCCU Routing # 251483311
Member Matters is DCCU's quarterly newsletter that features credit union news, member stories, and more!
In recent weeks, you may have noticed interest rates starting to rise. DCCU is here to help you navigate the cycles. I encourage you to reach out to us with any questions you may have.
Dr. Hull initially engaged with DCCU to make smart business decisions for his practice, and over the years that relationship has deepened through partnerships to support the financial wellness of his staff.
We are pleased to share some exciting news about our cooperative. Later this year, we will open our 14th branch location in Fishersville!
DuPont Community Credit Union (DCCU) experienced another positive year in 2021. Even in the midst of a pandemic, we demonstrated our continued commitment to the membership and our community.
Congratulations to Angela M. Simonetti, Michael P. Blinn, Janet P. Mangun, and David A. Kirby on their election to DCCU’s Board of Directors, as announced at DCCU’s Virtual Annual Meeting on March 29, 2022.
DuPont Community Credit Union invites you to attend a free workshop given by Member Investment Services on options to better position your Social Security Benefits.
20 Years of Service
Denna Baraclough
15 Years of Service
Jessica Bartley
Patricia Benson
Faith Caricofe
Heather Farrar
Stephanie Gaines
Jacob Larew
Khen Quach
Katie Roby
10 Years of Service
Ashley Alexander
Sonya Crider
5 Years of Service
Gordon Delaney
Courtney McCormick
Promotions
Jessica Bartley – ATM Administrator
Courtney Bean – Lead Credit Underwriter
Breanna Coleman – Solutions Officer
Ashley Stevens – Member Advisor, Service Center
Brandy Withrow – Helpdesk Technician
Fallon Wright – Assistant Service Center Manager
In recent weeks, you may have noticed interest rates starting to rise. After years of borrowers enjoying historically low interest rates, the Federal Reserve is starting to adjust its monetary policy and those types of changes affect the financial system.
The Federal Reserve influences the supply of money available in the United States. To stimulate the economy, it can increase the supply of money in circulation by lowering interest rates, for example, as they did to help relieve some consumer financial burden at the onset of the pandemic. Alternately, when the Fed wants to slow down the economy, it attempts to reduce the supply of money in circulation by raising interest rates to make debt a little less appealing. Because inflation is high, the labor market is strong, and the economy is no longer in crisis, the Fed has indicated that a move in this direction is in order.
Rising interest rates can impact your finances, especially when it comes to products with variable rates. This includes adjustable rate mortgages, credit cards, and savings, for example. When interest rates rise, borrowing money becomes more expensive. There are, however, a few points worth considering as you think about your budget and financial goals.
Consider paying down your debt
If you hold variable rate debt and have the budget capacity, now would be a great time to pay it down. Debt consolidation is another option for simplifying your finances and can help you pay down your debt faster.
Evaluate upcoming purchases
If you are planning to take out a loan soon, keep in mind the interest rate you receive today may be higher in the coming months. If the purchase fits your budget and you are financially ready, it may be beneficial to go ahead and make that purchase sooner rather than later.
Keep a balanced perspective
Although there is the potential for rates to begin increasing, it’s important not to panic. Just be sure to give thought to how a rising interest rate scenario can impact your current finances. It is a good practice to keep a balanced perspective on both the current and potential future interest rate environments.
The bottom line is – DCCU is here to help. Our goal is to help improve your financial health. We have a variety of products that can fit your financial needs, including fixed rate mortgages, Home Equity Plus, which is a line of credit that easily converts to a fixed rate loan, and many other options that can support you through interest rate uncertainty. Whether rates are rising or falling, our team of dedicated financial professionals want to help you navigate the cycles. I encourage you to reach out to us with any questions you may have and we will gladly assist. As always, I appreciate your continued support of our cooperative.
Dr. Robert Hull is a native of Lexington, Virginia. After obtaining his D.D.S. from Case Western Reserve University School of Dental Medicine in Cleveland, Ohio, he returned to his hometown and worked at his father’s dental practice before starting his own practice in 2006. “I came back home because I love this area,” Hull said. “I am happy to be a part of the lives of the people in this community – whether they have been here for generations or transplanted here to escape the city life.” Over the years, Dr. Hull has worked to fulfill his vision of providing quality dentistry as comfortably as possible through the use of modern techniques and technology. “Being in a small town isn’t always easy when it comes to specialty services,” Hull said. “People often have to travel quite a bit to see a specialist, so we try to minimize that need for patients.”
DCCU opened its Lexington Member Center in 2015. At the time, Dr. Hull was looking to refinance his current office space in the Magnolia Square office complex. Recognizing the importance of having a strong financial partner to support his growing practice, he did his due diligence by researching local financial institutions. “DCCU was new to the area at the time and they ultimately had the best rates compared to any other financial institution,” Hull said. “That’s how my relationship with DCCU began and it has been a very positive experience ever since.”
Beyond rates, Dr. Hull lauds the personalized service he receives from DCCU. “Competitive rates are important, but it’s service that sets the foundation for relationship,” Hull said. “If I need anything, DCCU is eager to respond. They go out of their way to make sure I am in the best place to succeed. It makes a big difference.” Since starting his relationship with DCCU, that same level of service has been extended to his staff, who have also benefited from establishing a relationship with DCCU, whether through auto loans, home loans, home equity loans, or other financial products.
In order to help financially empower his staff, Dr. Hull has also engaged with DCCU’s Community and Business Development team. They offer a workplace financial education program called DCCU at Work that provides free financial wellness training for local employers on a variety of topics such as building credit, developing a budget, investing for the future, and more. The program offers on-site training sessions as well as online resources that help participants manage their finances better, which ultimately helps reduce stress and sets them on a path to financial wellness. The sessions are customizable and built to suit the needs of the group. “We have a family relationship among our staff, and I want them to be successful,” Hull said. “My employees look forward to the DCCU at Work financial wellness workshops. DCCU takes complex topics and presents the information in a fun and non-intimidating way. These sessions have helped my staff learn how to make small steps to improve their financial awareness. I want to help them achieve their dreams and goals – and DCCU at Work has been a big help.”
Community involvement is another area where Dr. Hull and DCCU align. DCCU is a community credit union, active in the communities we serve through sponsorships, donations, and volunteerism. Dr. Hull has been the head coach for Rockbridge County High School’s Boys Lacrosse team for the last four years. “Because lacrosse is not a mainstream sport in this area like basketball, football, or baseball, we have no annual budget and have to fundraise to support the program,” Hull said. “We have to do more with less and try to help lower the threshold for these kids who may have trouble affording uniforms or equipment. I am appreciative of the relationships between DCCU and other local organizations that offer steady support so that we can maintain a successful program.”
At DCCU, our focus is on helping to improve the financial wellness of our members and the communities we serve. In addition to offering competitive rates on our products, DCCU provides personalized service and financial education programs, all while supporting local organizations and programs that help make our community a better place. Dr. Hull initially engaged with DCCU to make smart business decisions for his practice, and over the years that relationship has deepened through partnerships to support the financial wellness of his staff and sponsorship of the local lacrosse team he coaches. “Because we share a dedication to areas that are important to us both, it made deepening the relationship with DCCU easier,” Hull said. “I relish the relationship I have with DCCU. I am very happy that you came into this area to afford us another viable banking option to help advance our close-knit community.”
DuPont Community Credit Union (DCCU) experienced another positive year in 2021. Even in the midst of a pandemic, we demonstrated our continued commitment to the membership and our community.
Highlights from 2021:
These highlights reflect some of the ways we deliver value to our members and help make a difference in our community. We are encouraged about 2022 and excited for the many years ahead. On behalf of the Board of Directors and the staff of DuPont Community Credit Union, we appreciate your membership and continued support of our financial cooperative.
DCCU remains committed to delivering personalized, consultative banking experiences for our growing membership, and we are pleased to share some exciting news about our cooperative. Later this year, we will open our 14th branch location in Fishersville!
Our Windward Pointe Member Center will be conveniently located in the Food Lion shopping center in Fishersville, adjacent to the Windward Pointe community. Many members want to come into a branch for personalized assistance while some prefer to do their day-to-day banking using our digital channels. This branch will offer the best of both and represents DCCU’s continued commitment to serving the needs of our evolving membership.
Some notable features include:
We are planning to open our Windward Pointe Member Center late summer. Additional information will be shared in the coming months as the timeline is finalized.
Congratulations to Angela M. Simonetti, Michael P. Blinn, and Janet P. Mangun on their election to DCCU’s Board of Directors, as announced at DCCU’s Virtual Annual Meeting on March 29, 2022. Each will serve a three-year term. Additionally, as the fourth highest vote getter, David A. Kirby will serve a one-year term as he completes the remainder of former Director Maurice Gresham’s term.
Angela M. Simonetti
Janet P. Mangun
Michael P. Blinn
David A. Kirby
Two new member volunteers began their one-year terms in April: Christopher Terry, Associate Director and Marissa Helmick, Associate Supervisory Committee Member.
Each year, the Governance Committee is tasked with seeking member volunteers for open positions on the DCCU Board of Directors, Supervisory Committee, and Governance Committee. Nominations will be accepted June 1, 2022 through June 30, 2022 for positions opening in 2023.
There will be two three-year terms expiring on the Board in 2023 for Drew E. Gogian and David A. Kirby. Details about volunteer openings and the nomination process will be available at mydccu.com on June 1, 2022.
February 28, 2021
Assets $1,587,493,934
Savings $1,420,760,376
Loans $945,703,802
Members 111,560
February 28, 2022
Assets $1,779,331,609
Savings $1,612,612,365
Loans $988,703,513
Members 117,128
Board of Directors
Supervisory Committee
Governance Committee