Dividends & Funds Availability

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Dividends & Funds Availability
Loan Rates
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Dividend Rates
Dividend rates on share accounts are set at the end of each month by the Board of Directors of the Credit Union. The following rates are paid on the first day of each month for the previous month - Paid on January 1st, 2018 for the month of 
December 2017.

             Account Balance                                        APR*
  • $50.00 and under $4,999.00                              .10%
  • $5,000.00 and under $9,999.00                         .10%
  • $10,000.00 and under $19,999.00                     .15%
  • $20,000.00 and under $49,999.00                     .25%
  • $50,000.00 and under $99,999.00                     .30%
  • Over $100,000.00                                              .40%



       * Annual Percentage Rate.

Dividend Calculations and Payments
Denocos Federal Credit Union utilizes the Average Daily Balance Method (a daily periodic rate is applied to the average daily balance in the account each day) to calculate dividends.  Dividends begin to accrue from the date of deposit.  The Credit Union does require a minimum balance of fifty dollars to earn dividends.

Each month Denocos calculates dividends earned on a member's account.  The dividends earned are posted to the individual member accounts on the first day of the month for the previous month.
Dividends are not paid on accounts which are closed prior to the end of a month.

Funds Availability Policy
It is the policy of Denocos Federal Credit Union to make funds from member's deposits available on the same business day the Credit Union receives the deposit.  For determining the availability of deposits, every day is a business day except Saturdays, Sundays and holidays.  We will consider a deposit as being made on a business day if it is made before 5pm.  Deposits made after 5pm will be considered deposited on the next business day.

At the discretion of Denocos funds deposited by check may not be available until the check clears the issuing bank.  However, the first $500 of a member's deposit may be available on the day the deposit is made.

Further, a member may not withdraw more than $20,000 within a period of five business days without prior approval from management.

Exceptions to the above policy can be made at the sole discretion of the management of Denocos Federal Credit Union.

Each member's account is federally insured to at least $250,000 by the National Credit Union
Administration (NCUA), a United States government agency