Annual Meeting & Election Recap

A sincere thank you to all members who participated in our Annual Membership Meeting on June 17th. The discussion was lively as we heard from officers about the state of the credit union and from Dr. Fiona Greig on why and how to become involved in the Bank-on-DC program — where DGEFCU participates. Members were reminded that membership can be extended to family and household members, residents and employees of Ward One, and other select employee groups. To learn more about Bank-on-DC, visit www.bankon.dc.gov. We hope you’ll Share it!

Congratulations are in order for volunteers Christopher Earley, Joseph Goosby, and Evelyn Stephens who were elected to the Board of Directors; and to Wilma McDowell for her election to the Credit Committee. Our credit union is volunteer-led and these individuals, as well as those they serve with, do a tremendous and self-less job in leading our cooperative on our behalf!

Your Money is Federally Insured, and Now More So!

Deposits at the credit union remain as safe as ever. Unlike the money entrusted to many investment companies, deposits to credit unions are federally insured by the National Credit Union Administration (NCUA). And now the federal government has increased federal deposit insurance up to at least $250,000. Your IRA accounts are insured separately up to $250,000 too!

To find out more, the NCUA recently opened a call center and posted an electronic tool kit on its web site to enhance overall consumer understanding of how credit union deposits are insured.

While many financial institutions face problems in this uncertain economy, credit unions including DGEFCU, remain healthy. Prudent underwriting practices have spared us the troubles that have beset other institutions. Nonetheless, individual members of the credit union are having troubles of their own. We’re helping them find a way out of their present difficulties and stand ready to work with you too if the need arises.

If you have questions about the safety of your money, call a DGEFCU member services representative at 202-671-1626. You may also call the NCUA Insurance Call Center from 8 a.m. to 6:30 p.m., Monday through Friday, toll-free at 1-800-755-1030, extension 1.

Click here to learn more about why your money is safe at a credit union!

The Benefits of Membership

Why I love My Credit Union
The theme of this year’s International Credit Union Day—“Credit Unions: Making a World of Difference”— aptly describes what our credit union tries to do every day: make a world of difference in your life.

How do we do it? We offer you:

• A Place to Transact Conveniently —
  Checking accounts, direct deposit and payroll deduction, ATM and debit cards, home banking, many shared branch locations in the DC metro area and around the nation offering extended and Saturday hours. Bilingual service in English and Spanish at the ACCESO office! Low cost remittances and money orders!
   
• A Place to Save at Very Attractive Rates —
  Regular savings, money markets, individual retirement accounts, vacation and holiday savings clubs. Low balance requirements!! 12 month share certificates currently earn 5.18% annual percentage yield with a minimum balance of $500.*
   
• A Place to Borrow Affordably —
  used and new vehicles, personal loans, credit cards, mortgages (purchases and refinances!) and home equity loans. New vehicle rates start as low as 2.99% annual percentage rate.*
   
• A Place to Belong –
  Membership in the Credit Union, a not-for-profit, democratically run financial institution in your workplace or neighborhood. Membership is open to anyone who works for the District Government, BET and a number of other select employers and to anyone who resides, works or worships in Adams Morgan, Columbia Heights or Mount Pleasant. Membership is also open to your family and household members.

To join or to add a service, simply call 202-671-1626, e-mail info@dgefcu.org or visit one of our offices!! Thank you for making us your credit union.

*Please click here for current rate information.

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