Dupaco Community Credit Union's Great Credit Race Ends in 3-Way Tie
Chief Marketing Officer
Dupaco Community Credit Union
3999 Pennsylvania Ave., Dubuque, Iowa 52002
Desk: 563-557-7600, ext. 2266
DUPACO COMMUNITY CREDIT UNION’S GREAT CREDIT RACE ENDS IN 3-WAY TIE
DUBUQUE, Iowa—On a mission to help its members build their credit scores for a brighter financial future, Dupaco Community Credit Union’s Great Credit Race produced several winners. The six-month competition ended Nov. 15 in a three-way tie for first place and a two-way tie for second.
The race winners—Anna O., Kiernan S. and Brett B.—built their credit scores from 0 to 727. For their efforts, each won $1,000. Second-place finishers Dana E. and Nino E. both raised their scores to 721 and received $500.
The competition provided an opportunity for the 12 racers to gain a better understanding of how credit works and how it impacts every stage of life. Each racer received a Dupaco Platinum Visa credit card with a $1,000 limit and one-on-one credit and budget coaching.
“I learned how important your credit score is. It can affect you when you buy a car or home or get a job,” Anna says. “I’m glad I now know for the future how to continue keeping my credit score up.”
The leading racers followed similar strategies, using their credit cards for smaller purchases and quickly paying off their balances.
“I feel like I can go out and know I have the knowledge to continue with a great credit score in the future,” Brett says. “Financial stability is possible. If you set your mind to a goal, you can achieve it.”
For Kiernan, the race not only showed him how to establish solid credit, but it also will allow him to replace his unreliable vehicle that gets him to school and multiple jobs. He plans to put his race winnings toward a down payment on a car, with the remainder of the cost covered with a Dupaco loan.
“Getting a newer vehicle is more important than I can explain,” he says. “I just want to greatly thank Dupaco for helping me out with this. It’s a great accomplishment, and it will push me farther in life.”
Dupaco’s Great Credit Race is one more way the credit union is fulfilling its mission to improve each member’s financial position, says Jill Rothenberger, vice president, consumer lending. The race complements Dupaco’s other products and services—including Credit History Lessons, Credit Coach loans and Bright Track credit score monitoring—that help members improve their scores and gain access to better rates.
“We want to give these young members the tools they need to be financially responsible,” Rothenberger says.
ABOUT DUPACO COMMUNITY CREDIT UNION:
Dupaco Community Credit Union is a not-for-profit, member-owned financial cooperative. It is dedicated to the financial sustainability of its members, and specializes in customized financial counseling, money advice and education. It offers savings, loans, investments, insurance and wealth management products for individuals and businesses. Dupaco serves residents in 108 counties throughout Iowa, northwest Illinois and southwest Wisconsin. Chartered in 1948, membership totals more than 100,000 with assets exceeding $1.5 billion. Visit Dupaco at www.dupaco.com.
# # #