DECU Daily

DECU Daily

The DECU Daily Team works together to deliver educational content that’s relevant to our member’s financial lives and helps our members strive toward their financial goals.

All Posts by DECU Daily

Financial Best Practices – Back to Basics

Since 1935 DECU has been serving John Deere employees and their families, and in that time we’ve built up quite a set of tools to help reach our 42,000 members in 50 states and 56 countries. Offering everything from savings accounts to mortgage loans to retirement & investment planning, DECU has Best-In-Market rates and a […]

Calculate Your Interest – How A Pre-Approved DECU Auto Loan Helps Lower Your Sticker Price

Buying a new or used car with an auto loan from DECU has advantages that respect both your budget AND your time, but before you go taking the plunge and make a big purchase, there is a lot to learn. Especially now, as flashy sales and headline offers from auto dealerships begin to flood your [...]

Our Response to COVID-19

To Our Members, These are very strange times for sure. Please rest assured that Deere Employees Credit Union is safe, sound and every department fully functional. Remote service delivery is not new for our credit union. Our Pandemic Team has been preparing for the Pandemic event for many weeks now. They have been readying our [...]

What is a HELOC and is it right for me?

What is a HELOC? A home equity line of credit is a loan where the lender agrees to lend a maximum amount within a set time period, and the collateral is the borrower’s equity in their house. Homeowners who want to consolidate high-interest debt or finance home improvement projects can tap into their home’s equity […]

Gone Phishing

Fake emails are probably sitting in your inbox right now, announcing a new deposit to your Bitcoin balance or claiming you’ve just won a brand new smartphone. It’s aso likely there’s a burning call to action in the subject line, igniting your natural curiosity and compelling you to click. After all, who wouldn’t be thrilled […]

The Potential and Pitfalls of Compound Interest

Did you recently choose the best savings account for a large lump sum? A quarter percent difference in interest is 25 points, but if you compound that interest frequently enough then those 25 points can make a pretty big difference on your Effective Annual Rate down the road. For instance: $10K for 1 year @ […]

10 Tips To Win On Black Friday-Cyber Monday

Thanksgiving comes again this week, and with it Black Friday, the start of the holiday shopping season! Is it us or do deals seem to start earlier and run longer with every following year? Last year, retailers earned $7.9 billion on Black Friday, a rise of 18 percent from 2017. Seventy-seven million shoppers got up […]

Five First Time Home Buyer Tips

Buying a home can be nerve-racking, especially for a first-time home buyer. These tips can help you navigate the process and avoid common mistakes. 1. Start saving for a down payment early It’s common to shoot for 20% down but many lenders allow much less, and for first-time home buyers, some programs allow as little […]

How to Build a Credit Score as a College Student

A FICO credit score is built upon several different categories. By knowing what a FICO score is, you can best figure out how to build your credit score quickly. One quick method involves someone with an established credit line being willing to authorize a new-to-credit person be added to already-established credit cards. If this simple […]

How to Save and Manage Money as a College Student

As a recent college graduate, I’ve learned countless ways to save and manage my money over the four years. For most, college is a great learning experience where students have very little income and lots of expenses all while having to build their financial foundation. There is no better time to practice good money habits than during this exciting and formative period in life.