Deere Employees Credit Union (DECU) is a member-owned financial institution that has been serving the employees and families of John Deere and its subsidiaries since 1935. With a commitment to providing personalized financial solutions and exceptional member service, DECU has grown to become one of the largest credit unions in the state of Illinois. DECU offers a wide range of financial products and services, including savings and checking accounts, loans, mortgages, and investment options. With a focus on community involvement and corporate social responsibility, DECU strives to make a positive impact on the lives of its members and the communities it serves.
Key Takeaways
- Deere Employees Credit Union (DECU) is a member-owned financial cooperative serving employees and families of John Deere and its subsidiaries.
- DECU was founded in 1935 and has since grown to become one of the largest credit unions in Illinois, offering a wide range of financial products and services.
- DECU offers a variety of services including savings and checking accounts, loans, credit cards, and online banking to its members.
- Membership to DECU is open to employees and retirees of John Deere and its subsidiaries, as well as their immediate family members.
- Banking with DECU offers benefits such as competitive interest rates, low fees, personalized customer service, and a commitment to giving back to the community through various initiatives and programs.
History and Background of Deere Employees Credit Union
DECU was founded in 1935 by a group of John Deere employees who saw the need for a financial institution that would provide affordable and accessible financial services to their fellow employees. Over the years, DECU has grown and expanded its membership to include not only John Deere employees, but also their families and retirees. With a strong commitment to financial education and member empowerment, DECU has become a trusted partner for its members’ financial needs. The credit union has also expanded its reach by offering online and mobile banking services, making it easier for members to access their accounts and manage their finances from anywhere.
Services and Products Offered by Deere Employees Credit Union
DECU offers a wide range of financial products and services to meet the diverse needs of its members. From basic savings and checking accounts to auto loans, mortgages, and investment options, DECU provides comprehensive financial solutions to help its members achieve their financial goals. The credit union also offers online and mobile banking services, making it convenient for members to manage their accounts and conduct transactions from anywhere. DECU is committed to providing competitive rates and low fees, ensuring that its members receive the best value for their money.
In addition to traditional banking services, DECU also offers financial education and counseling to help members make informed decisions about their finances. Whether it’s planning for retirement, buying a home, or saving for college, DECU provides the resources and support needed to help members achieve their financial dreams. With a focus on member empowerment and financial literacy, DECU is dedicated to helping its members build a strong financial future.
Membership and Eligibility for Deere Employees Credit Union
Membership Criteria | Eligibility |
---|---|
Employment | Must be an employee of John Deere or a subsidiary |
Family Relationship | Immediate family members of current members are eligible |
Residency | Residents of specific counties in Illinois, Iowa, and Wisconsin are eligible |
Membership Fee | No membership fee required |
Membership in DECU is open to employees, retirees, and family members of John Deere and its subsidiaries. This includes individuals who work for John Deere dealerships, as well as those who are employed by companies that are owned or controlled by John Deere. Additionally, individuals who live or work in certain counties in Illinois are also eligible for membership. By becoming a member of DECU, individuals gain access to a wide range of financial products and services, as well as the opportunity to participate in the credit union’s governance through voting in board elections.
Benefits of Banking with Deere Employees Credit Union
There are numerous benefits to banking with DECU, including personalized service, competitive rates, and a wide range of financial products and services. As a member-owned institution, DECU is focused on meeting the needs of its members and providing exceptional customer service. Members also have the opportunity to participate in the credit union’s governance through voting in board elections, giving them a voice in the direction of the organization. Additionally, DECU offers competitive rates on savings accounts, loans, and mortgages, helping members get the most value for their money.
DECU also provides access to online and mobile banking services, making it convenient for members to manage their accounts and conduct transactions from anywhere. With 24/7 access to their accounts, members can easily check balances, transfer funds, pay bills, and more. DECU is committed to making banking easy and convenient for its members, ensuring that they have the tools they need to manage their finances effectively.
Community Involvement and Corporate Social Responsibility of Deere Employees Credit Union
DECU is deeply committed to giving back to the communities it serves through community involvement and corporate social responsibility initiatives. The credit union supports various charitable organizations and community events, as well as sponsors financial education programs for individuals of all ages. DECU also encourages its employees to volunteer in their communities and provides paid time off for community service activities. Additionally, DECU is dedicated to environmental sustainability and has implemented various green initiatives to reduce its environmental impact.
Testimonials and Success Stories from Deere Employees Credit Union Members
DECU has received numerous testimonials from satisfied members who have benefited from the credit union’s personalized service and comprehensive financial solutions. Members have shared stories of how DECU helped them achieve their financial goals, whether it was buying a home, starting a business, or saving for retirement. Many members have also praised DECU for its commitment to community involvement and corporate social responsibility, highlighting the credit union’s positive impact on the communities it serves. Overall, DECU has built a strong reputation for providing exceptional member service and making a positive difference in the lives of its members and the communities it serves.
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FAQs
What is Deere Employees Credit Union?
Deere Employees Credit Union (DECU) is a member-owned financial cooperative that provides a range of banking and financial services to employees and their families of John Deere and its subsidiaries.
What services does Deere Employees Credit Union offer?
DECU offers a variety of financial services including savings and checking accounts, loans, credit cards, online and mobile banking, investment services, and insurance products.
Who is eligible to join Deere Employees Credit Union?
Membership in DECU is open to employees and their families of John Deere and its subsidiaries, as well as individuals who live or work in certain counties in Illinois and Iowa.
Where are the locations of Deere Employees Credit Union?
DECU has multiple branch locations in Illinois and Iowa, as well as ATMs and shared branch locations across the country through the CO-OP network.
Is Deere Employees Credit Union insured?
Yes, DECU is federally insured by the National Credit Union Administration (NCUA), which means that deposits are backed by the full faith and credit of the United States government up to a certain limit.