Digital Federal Credit Union is located in Massachusetts and New Hampshire. They have a better designed digital web presence than most banks, but also have many physical branches and ATMs throughout the area they cover. DCU is a nonprofit cooperative with the as members as its owners. As not-for-profits, credit unions return profits to members in the form of better rates, fewer fees, and more financial services. Membership is usually defined by the institution and can be in terms of employment, geographic location, or any other standard the membership agrees to define as a condition for membership. In this instance the Digital Federal Credit Union is very broadly defined by family, friends, coworkers and anyone else who wants to join seems welcome.
The Benefits of Membership
DCU offers a full range of financial services very similarly to a regular bank’s services, so DCU offers a very wide array of loan options to its members. All of the options are organized clearly and there is a large section of explanatory material to clarify and educate customers to the details of the loan contracts. The costs of the loan as far as fees and service charges are clearly described and centered in this credit union’s description of their services. Remember, all retail home loan companies charge you for the privilege of their expertise and service in setting up, evaluating and processing the loan application. The clear cost benefit to be gained with DCU;s loans is found in the difference between their APR and other options.
The Support Services Available to Members
As a member you would have access to all the services and the very well organized digital application process as well as a Dedicated Mortgage Team to work with you throughout the process. The real difference is to be found in the cost of getting the loan. The numerous benefits of credit union membership are too numerous to list, but the mortgages seem to be excellent deals.