One not-for-profit credit union is helping consumers take control of their budget through an excellent introductory-rate card program. DFCU serves consumers in Upstate NY, but this is a great reminder to find a local credit union that’s right for your family.
I saw that a not-for-profit credit union is seeking to help consumers gain greater control of their finances during these turbulent economic times. Dannemora Federal Credit Union is a member-owned credit union, serving those who live, work, attend school or worship in Clinton, Essex, Franklin and St. Lawrence counties in Upstate New York. It seems like a really great option for people living in that region and really, it is a good reminder to consider a local credit union when you are in need of financial help. These not-for-profit financial institutions are cooperatively owned and operated and they tend to offer some of the best value in banking.
It's no different with Dannemora Federal Credit Union, or DFCU, for short. DFCU recently announced a program to help consumers transfer high-interest rate credit card balances from other lenders to a six-month 0% APR* introductory-rate card. After the introductory period, rates are as low as 7.50% APR**. Additional features include no annual or balance transfer fees, along with cardholders also enjoying the same low-interest rate for purchases as on balance transfers.
The introductory rate card is being offered directly by Dannemora Federal Credit Union and is valid for qualified applicants who apply before March 31, 2021. Those interested are encouraged to learn more and apply.
From my research, the process of approval for this low-rate credit card was very straightforward. Applicants provide the credit union with a copy of a statement from the credit card they wish to pay off, along with pertinent account information. Copies of the statements are later to be delivered to the Credit Union and from my research, it looks like they can even be faxed or mailed.
Advertising for the balance transfer program encourages prospective cardholders to “start living life to the fullest,” by lowering overall credit card payments. Many of us as consumers can relate to this need, particularly in these turbulent times. DFCU says that the intent of their program is to help people better manage their finances by transferring high-interest card balances with other lenders, to a low-rate card from Dannemora, which includes the 0% APR* introductory-rate.
Chris Hay, President/CEO of the credit union said the following: “These are difficult times for so many people and so we wanted to find a way to help lower overall credit card monthly payments for those who need it most. Doing so can help give people greater financial freedom and ultimately, it can help them get closer to paying off their debt in a timelier fashion. Anything we can do like this that helps people increase their happiness through financial wellness is right in line with our mission as a credit union.”
I was impressed to learn that DFCU was also named the 2020 Reader’s Choice by the Press-Republican, a prominent newspaper in Plattsburgh, NY. This is a distinction that has been bestowed on the credit union for 5 years running and is voted on by the public. The credit union attributes its popularity and success to the fact that it provides secure and convenient access to financial accounts, quality and personalized service, as well as it providing these types of programs that benefit consumers on a budget.
To apply for or gain more information about this 0% introductory APR* credit card offer for qualified applicants, click here or give the lenders at DFCU a call today at (518) 825.0323.
For full disclosures, visit Dannemora Federal Credit Union's website.
*APR=Annual Percentage Rate. All loans subject to credit approval. Credit union membership eligibility required. Your rate may vary as all rates are based upon an evaluation of credit history. Rates, terms, and conditions are subject to change without notice. Fees include a 1.00% foreign transaction fee. The promotional rate is valid only on balance transfers made during the promotional period dates of January 2, 2021, through March 31, 2021. No minimum loan amount.
**The 0.00% APR balance transfer rate is good for six months from the date of the initial balance transfer. Thereafter, the rate will revert to the APR (7.50%-18.00%) specified in your Card Agreement for balance transfers. A late fee of $10 or the amount of the required minimum payment, whichever is less, will be charged if you are 15 or more days late in making a payment. Cash advances and overdraft transfers are excluded from this offer. All loans are subject to credit, income, and debt verification qualifications, and the member must be in good standing. Any balance transfer cannot exceed your predetermined credit limit. See your Card Agreement for additional details. Rate and terms are subject to change at any time.
