Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Digital Federal Credit Union 6% CD
Old 11-29-2006, 10:37 AM   #1
Recycles dryer sheets
 
Join Date: Feb 2006
Posts: 152
Digital Federal Credit Union 6% CD

Is anyone familiar with this credit union? I’d like to know about any good or bad experiences with them. They are currently offering 16 month CDs at 6%.
Non sequitur is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Digital Federal Credit Union 6% CD
Old 11-29-2006, 11:52 AM   #2
Thinks s/he gets paid by the post
kaudrey's Avatar
 
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 1,053
Re: Digital Federal Credit Union 6% CD

No, sorry. But if you are just going to open a CD with them, how much customer service do you really need? As long as it's easy to open an account, I wouldn't worry too much about it. (Stay under the insurance limit, though, of course).
__________________
Two roads diverged in a wood, and I - I took the one less travelled by...
kaudrey is offline   Reply With Quote
Re: Digital Federal Credit Union 6% CD
Old 11-29-2006, 11:54 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
Re: Digital Federal Credit Union 6% CD

You might send a PM to TH CFB This Space for Rent; I believe he used them in the past, and might still...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Digital Federal Credit Union 6% CD
Old 11-29-2006, 09:37 PM   #4
Recycles dryer sheets
bamsphd's Avatar
 
Join Date: Nov 2005
Posts: 337
Re: Digital Federal Credit Union 6% CD

DCU is my "bank." I use them for checking, money market, a credit card,
and they have an ATM in my office building. I have never purchased a CD
from them (or from anyone else), since I prefer Treasuries to avoid
state taxes, and for their greater liquidity.

My main gripe with DCU is that they generally want you to have your
paycheck or social security direct deposited to your "free" checking
account ("free" means they don't pay interest, but also don't generally
charge any fees) to get the best deals. For example, with direct deposit
you get "free" checks, as long as you take their carbon-copy style checks
(which I dislike). They usually offer better CD interest rates with direct deposit
to your "free" checking account, though it looks like they are not requiring
that for this 6% deal.

A few years back they had a bug in an advertising popup on their website
which instead of bothering me once per month as their customer service
claimed was intended, bothered me every time I used their website.
For a "Credit Union" they are very commercially oriented, spending a fair
amount on advertising.

If you download things into Quicken/Money/etc you will find that you can
login to their website and manually download one account at a time using
"Open Financial Exchange" (OFX)
"Quicken Financial Exchange" (QFX)
"Quickbooks" (QBO)
or
"Spreadsheet" (Comma Separated Values)
However, they do NOT support Quicken's "One Step Update" so you will
need to manually login to the dcu.org website.

Bottom line, most of the people in my office use them. They are OK, but
certainly not thrilling.

I hope that helps.
bamsphd is offline   Reply With Quote
Re: Digital Federal Credit Union 6% CD
Old 11-29-2006, 11:49 PM   #5
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 329
Re: Digital Federal Credit Union 6% CD

Quote:
Originally Posted by bamsphd
DCU is my "bank." I use them for checking, money market, a credit card,
and they have an ATM in my office building. I have never purchased a CD
from them (or from anyone else), since I prefer Treasuries to avoid
state taxes, and for their greater liquidity.
DCU is my main bank too and I have everything that bamsphd mentioned above - So which old Digital building do you work in?

Anyway coming to their CD's I have one expiring in DEC'06 - it was a 16month at 5% which I think halfway into it got beat by the Vang MM. You pay a 3month penalty so I didn't withdraw it and it worked out well. This time I am not renewing for the 6% because I decided to move it to Vang.

As a bank they are good and they generally don;t have any "surprising charges". They have been on a membership drive recently
__________________
Hope springs eternal in the human breast:Man never is, but always to be blest.
The soul, uneasy and confined from home,Rests and expatiates in a life to come.
lswswein is offline   Reply With Quote
Re: Digital Federal Credit Union 6% CD
Old 11-30-2006, 12:35 AM   #6
Recycles dryer sheets
 
Join Date: Feb 2006
Posts: 403
Re: Digital Federal Credit Union 6% CD

Whats the minimum amount you have to put in to get 6%?
macdaddy is offline   Reply With Quote
Re: Digital Federal Credit Union 6% CD
Old 11-30-2006, 06:44 AM   #7
Thinks s/he gets paid by the post
retire@40's Avatar
 
Join Date: Feb 2004
Posts: 2,670
Re: Digital Federal Credit Union 6% CD

Quote:
Originally Posted by macdaddy
Whats the minimum amount you have to put in to get 6%?
$500
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Re: Digital Federal Credit Union 6% CD
Old 11-30-2006, 09:55 AM   #8
Recycles dryer sheets
bamsphd's Avatar
 
Join Date: Nov 2005
Posts: 337
Re: Digital Federal Credit Union 6% CD

Quote:
Originally Posted by lswswein
- So which old Digital building do you work in?
Oracle's building next to the Nashua, NH exit 1 former Digital facility.

I'm neither recommending, nor warning against the DCU CD special offer.
However, for those interested in the details go to
https://www.dcu.org/prodserv/r_specials.html
If that link does not work, go to https://www.dcu.org
click "rates" on the grey navigation bar, then "Special Offers"

Note, I believe you will have to "join" the credit union, though I think if you
do not otherwise qualify, you can join by making a one-time contribution
to certain charities. See https://www.dcu.org for details.

P.S.
If you know someone who is already a DCU member, they can get
$20 if you bring in a "DCU Referral Coupon"
https://www.dcu.org/whatsnew/1106_refer.pdf
when you "join."
bamsphd is offline   Reply With Quote
Re: Digital Federal Credit Union 6% CD
Old 11-30-2006, 10:47 AM   #9
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 329
Re: Digital Federal Credit Union 6% CD

If any one wants referrals let me know - I will do it and donate the monies to dory!

-h
__________________
Hope springs eternal in the human breast:Man never is, but always to be blest.
The soul, uneasy and confined from home,Rests and expatiates in a life to come.
lswswein is offline   Reply With Quote
Reply

« S&P500 PE | Grrr... »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
FDIC/NCUA insurance question (re: Pentagon Federal) magellan_nh FIRE and Money 24 01-10-2007 04:22 PM
Another 5% CD in a Florida Credit Union (3 Year) ShokWaveRider FIRE and Money 7 07-20-2005 06:00 PM
Pentagon Federal C.U. CD problem - Credit Card Cut-Throat Other topics 24 01-29-2005 04:24 AM
Credit Qs on PBHG's annual report (31 Mar 04) Nords FIRE and Money 1 07-28-2004 05:02 AM
Credit Reports--FREE mickeyd Other topics 3 06-13-2004 11:30 AM

» Quick Links

 
All times are GMT -6. The time now is 07:41 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.