News

Holiday Budget Game Plan

(October 8, 2019) - Plan ahead now and skip the spending stress with these tips for a smarter, debt-free holiday season. Financial stress can take the joy out of the holiday season, but there are some small steps you can take to limit spending during this time of year. Budgeting: Budgeting is one of the…

Money Strategies for the Self Employed

(Monday, September 16, 2019) - It's feast or famine for a lot of self-employed individuals including freelance writers, artists, seasonal workers, and those working on commission, but it doesn't have to be.  With a budget and some discipline, even workers with fluctuating incomes can experience some of the stability that their 9-to-5 friends and relatives…

How to Pay for College the Smart Way

(Wednesday, September 4, 2019) There are many types of student aid with varying eligibility requirements and options to consider. Federal Student Aid - there are nine different programs funded by the federal government.State-Based Aid - There are 605 different programs funded by individual states, with various eligibility requirements.  To find all program in your state,…

Member Impact from the Unauthorized Access to Hy-Vee Payment Systems

As soon as DuTrac receives confirmation of those members impacted by the recent unauthorized activity to Hy-Vee’s payment systems, letters will be sent to those members negatively impacted by this event. Within the letter are recommendations members may want to consider to avoid future fraudulent activity as well as an estimate of when replacement card(s)…

Building Your Savings

(Wednesday, August 21, 2019) Savings vs. Investing At any point in time, a person’s income probably won’t always be enough to cover all of the expenses when there is a time of need. As a result, plan sooner, rather than later, to implement a savings strategy to begin, or increase, personal savings levels as needed…

Moving Up: Weighing Whether to Rent or Buy

(Friday, August 2, 2019) Buying a house can be a life-changing experience.  Each step along the home ownership journey requires either a good deal of time or money: The time to select and meet with a mortgage lender and gather the necessary information to determine the borrower's qualification for a home mortgage;The time to collect,…

Using Credit Wisely

(Thursday, July 17, 2019) Credit is an Important Financial Tool (Good credit) allows consumers to purchase many different kinds of goods and services including some of the most expensive such as college tuition, new vehicles or even a home, without having to immediately pay cash;Over time, consumers use of credit builds consumers' credit reputations -…

School Shopping for Young Families

(Tuesday, July 9, 2019) - It's mid-summer and almost back-to-school time - translating into hundreds of dollars in added expenses for families as they purchase clothing and supplies for their children to begin the new school year.  Worse yet, spending for school supplies, if not carefully planned for and budgeted, can add up all too…

Teaching Children About Money

(Wednesday, June 19, 2019) - Parents teach their children many life lessons.  From learning the basics of walking, speaking and eating to the more complicated lessons of using good judgement in decision making and socializing properly with others. Evaluations returned from DuTrac's recent financial literacy fair reflected 22.5% of students thought core financial literacy skills…

Brief Tips for Those That Have Lost a Loved One

(Wednesday, June 5, 2019)  - Losing a spouse is not an easy journey. Often, grief is set aside to deal with the ongoing practical matters of everyday life and the new reality of handling household finances as an individual rather than as a couple. The good news is there are a number of resources to…

Young Adults - Watch Out For the Onslaught of Credit Card Offers

(Friday, May 31, 2019) - Used responsibly, credit cards can be helpful in an emergency and for establishing a sound credit history. Paying debts on time, including credit card bills, contributes to building good credit. If a card holder doesn’t honor their payment agreement, your credit rating can be damaged and you may not be…

PINs Caught On Camera at Drive-Up ATMs

(Thursday, May 2, 2019) – Provided by CUNA Mutual Group  ATM skimmers or shimmers alone don’t capture PINs. For that, fraudsters often rely on tiny hidden camera overlays. Unfortunately, ATM tampering continues to plague credit unions and members. Recent reports show that fraudsters have cleverly focused on drive-up ATMs since people are less likely to…

2019 DuTrac Scholarship Recipients

Seven 2019 graduates of Dubuque and Quad City area high schools were awarded scholarships by DuTrac Community Credit Union’s 2019-2020 Academic Scholarship Program. The three $1,000 scholarship winners are: • Mandy Alstead, Fulton High School • Chelsea Koopmann, Beckman High School • Aspen Gillmore, Monticello High School The four $500 scholarship winners are: • Brianna…

DuTrac Conducts 72nd Annual Meeting

DuTrac Community Credit Union’s 72nd Annual Meeting was held Sunday, April 28 at the Grand River Center in the Port of Dubuque. Approximately 225 members were in attendance. Harlan Pedretti was re-elected for a one-year term. David Eggers and John Vail were both re-elected for a three-year term. Susan Kern was elected for a three-year…

Hilbun Achieves CFP® Designation

Eric Hilbun, financial advisor with DuTrac Financial Group, has achieved the designation of CERTIFIED FINANCIAL PLANNER™ (CFP®) professional.  The designation comes with extensive training in financial planning, estate planning, insurance, investments, taxes, employee benefits and retirement planning, as well as in CFP Board’s Standards of Professional Conduct, which are rigorously enforced.  Only 21% of all…

ATTENTION: Suspicious Credit Card Skimmer Found in Dubuque County

(Tuesday, December 18, 2018) – Provided by the Dubuque Police Department. We’ve got your back! We’re sure you’ve heard about the recent uptick in use of skimmers and PIN fraud in Dubuque County. If you are concerned that your information may have been compromised, please call DuTrac at (563) 582.1331 and our staff will immediately…

What to Know About Caller ID Spoofing

What to Know About Caller ID Spoofing (Thursday, November 29, 2018) By its literal definition, to spoof is to: Imitate something while exaggerating characteristic features for comic effect Hoax or trick someone "Spoofing" occurs when a caller deliberately falsifies the information transmitted to your caller ID display to disguise their identity. Spoofing is often used…

FICO Plans Big Shift in Credit-Score Calculations

FICO Plans Big Shift in Credit-Score Calculations (Tuesday, October 23, 2018) Fair Isaac Corp. , creator of the widely used FICO credit score, plans to roll out a new scoring system in early 2019 that factors in how consumers manage the cash in their checking, savings and money-market accounts. It is among the biggest shifts…

Free Credit Freezes For You And Your Child

(Tuesday, October 2, 2018) - According to the Federal Trade Commission, a new federal law allows you to get free credit freezes for yourself and your children, and year-long fraud alerts. Currently, you may be charged fees to freeze and unfreeze your credit, depending on which state you reside in. How Credit Freezes Work Freezing…

7 Ways The Fed’s Decisions On Interest Rates Affect You

(Friday, June 8, 2018) – By Katherine Reynolds Lewis. 7 Ways The Fed’s Decisions On Interest Rates Affect You IN FEDERAL RESERVE When the Federal Reserve raises interest rates, you feel it. “The Federal Reserve has its fingers in your pocketbook to a greater degree than the IRS,” says Michael Reese, a CFP professional in…

Tips to Avoid Being Scammed

(Thursday, May 10, 2018) – Provided by the Dubuque Police Department. • Question everything. The old saying “if it seems too good to be true, it probably is” remains accurate. • Research. Never make a hasty decision when it comes to providing personal information, account information and/or sending/giving money. Take a few minutes to verify…

Important Tax Fraud Alert

(Tuesday, March 20, 2018) – Provided by IRS Government. Just days into the start of the 2018 filing season, the IRS identified a new scam in which cybercriminals have stolen client data from tax professionals and filed fraudulent refunds using real taxpayer information, including bank account and routing information for direct deposit.The fraudster then contacts…
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