Winner’s Corner

• Brian Dalton from VA won $300 during our spring auto loan promotion.
• Daniel Rutherford from WY won $100 in our quarterly new member drawing.
• Francis Heilman from VA won $150 during our Spring Spruce Up campaign.
• Wendy Fee from OH won $300 during our Holiday Bills Coming in Hot promotion.

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Homebuying Course Available

Homebuying graphic Fannie Mae has launched a home ownership education course. It’s free to access and covers all steps of homebuying including saving, the mortgage process, closing, etc. The course aligns with national industry standards for homeownership education courses required for certain first-time buyer loan programs. Visit www.fanniemae.com/education for more information!


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Should I Buy or Lease a Car?

Car graphic When it comes to car shopping, you may be asking yourself if you should buy or lease a car. There are many advantages to both options, so it is important to do your research to determine which is best for you. Some things to consider:


  • How long do you want to keep the vehicle? If you buy, you can keep it for as long do as you want. If you lease, you must return it when your lease is over – and you’ll have no equity in the car.
  • What is your financial situation? If you buy a vehicle, you will need the finances for expenses such as the down payment, registration, fees, loan payments, interest, and taxes. Lease payments are typically lower than loan payments, but you will still pay interest, fees, and taxes.
  • What is your average mileage? If you lease a vehicle, there are usually mileage limits during the lease term and you’ll have to pay for excessive wear and tear. If you buy, you’re not limited to mileage, but keep in mind vehicles with higher mileage have a l ower resale value.

    Consider these and other factors when car shopping to make the best decision for you.

Did you know?

Home values are rapidly rising, and the equity in your home is a valuable resource.

Unlock equity to build your backyard oasis, splash pool or dream kitchen. Use it to fund college tuition. Or maybe you’re looking to consolidate high-rate credit cards and loans into one simple monthly payment, saving you thousands in interest. A home equity loan or line of credit from DECU is a great way to make it happen. The rates are usually lower than a personal loan, and the application is quick and easy – you can do it right from your mobile device! There may even be tax advantages (consult your tax advisor). Call us to learn more!

Home equity lines/loans are available in Virginia

Coming Soon to Digital Banking– Zelle®

As a Dominion Energy Credit Union member, you will soon be able to send and receive money with friends, family and those you know and trust directly from the Dominion Energy Credit Union app with Zelle®. Beginning mid-July, look for communications from us with more information on how you can enroll and start sending money with Zelle®. As a reminder, Dominion Energy Credit Union will never call, text, or email you and ask for your password, account number or SSN. If you have questions or need assistance, call us directly at 800-268-6928.

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