About Us section:

The Credit Union Difference

Health Savings Account

Credit Unions are cooperatives, which means that they are democratically controlled and owned by the members. Credit Unions are not-for-profit organizations and are run by a board of directors who are all volunteers elected by the members of the Credit Union. By contrast, banks are for-profit organizations and are controlled and owned by the stockholders. Depending on how many stockholders there are and how much each individual stockholder owns, there would be a possibility of only a few people in control.

Here are some advantages that Credit Unions tend to have over banks:

  • Low minimum balances to open an account.
  • Higher interest rates on basic savings accounts, interest-bearing checking accounts, and CDs, which, in turn, yield higher dividends depending on if the credit union has a good year.
  • No, or low-fee checking accounts and ATMs. (Surcharge-free ATM and no or low fees for opening and maintaining checking accounts.)
  • Lower interest rates on credit cards and loans. (Current interest rate for the Dillard’s Federal Credit Union MasterCard is anywhere between 6.69% to 13.69% based on your credit.)
  • Credit Union accounts are insured by the government to at least $250,000.00 by the National Credit Union Share Insurance Fund.
  • Competitive Mortgage Rates and Equity Loans.
  • Once a Member, Always a Member—family members can join too!
  • Credit Unions are run by the members, for the members. In a sense, it is people helping people.
At Dillard’s Federal Credit Union, you are not just a number or a customer, you are a member.