DOY Federal
Credit Union
News
and
Notes
Meet Penny
As we thank our former CEO for his years of leadership and dedication, we also open our hearts to a new member, welcoming Penny! She’s already winning hearts and sniffing out opportunities. Welcome to the family, Penny!
About
MyCreditUnion.gov
MyCreditUnion.gov is the official consumer website of the National Credit Union Administration (NCUA), offering trusted financial education and resources for individuals at every stage of life. Whether you're just starting out or planning for retirement, this site helps you make informed financial decisions with confidence.
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Members can explore a wide range of topics, including:
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Managing Your Money
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Credit & Loans
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Home Ownership
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Retirement Planning
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Dealing with Debt
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Share Insurance
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Consumer Protection
The site also features brochures, infographics, and videos covering topics like:
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What is a credit union?
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How your accounts are federally insured
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Sending money overseas
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Financial literacy and consumer protection
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For a deeper dive into these resources, visitMyCreditUnion.gov
How Are DOY's Dividends Determined?
The DOY Board of Directors meets monthly to review financials. At the end of each quarter, they allocate net income for dividends and set dividend rates for the previous three months.
Example: Q1 dividends (January–March) are determined at the March meeting.
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Philosophy: DOY aims to return as much net income as possible to members through higher savings rates and lower loan rates. If there’s sufficient excess income after three quarters, a bonus dividend may be awarded in Q4.
Protecting Your Personal Information
(PII)
Cybercriminals are always looking for vulnerabilities. While no method is foolproof, follow these steps to reduce your risk:
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• Use long, complex passwords (uppercase, lowercase, numbers, symbols).
• Avoid birthdates or easy-to-guess phrases.
• Don’t write passwords down; use a password manager.
• Don’t reuse passwords across sites.
• Beware of shoulder surfing—ensure no one is watching you type.
• Enable multi-factor authentication (MFA).
• Only open emails from trusted sources—check grammar and sender address.
• Keep antivirus software and firewalls updated.
• Avoid insecure websites (those not starting with “https”).
Protect Yourself From Fraud
Stay alert to common scams:
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Texts from Strangers:
Don’t reply—mark as junk and delete.
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Fake Emails/Texts from Companies:
Check your account directly on their website.
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Gift Card Scams:
Never send gift card codes as payment.
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Social Media Friend Requests:
Don’t accept unknown users.
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Pop-Up Ads:
Avoid clicking unless you’re sure it’s safe.
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Fake Virus Alerts:
Don’t call or click—contact a verified tech support service.
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Caller ID Spoofing:
Let unexpected calls go to voicemail.
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QR Code Scams:
Don’t scan QR codes sent to you in stores or via text/email.
A Milestone in DOY’s Growth
DOY surpassed $50 million in assets for the first time!
This moves DOY into a new peer group ($50M–$100M), though no changes will be seen by members—only new regulations apply.
Highlights in DOY's History:
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1971: Charter approved with $8,576 in assets.
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1981: Assets hit $1 million.
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1990: Mortgage program starts.
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1999: Founder John “Jack” Thomas passes.
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2008: Assets top $25 million.
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2009: New headquarters on Gypsy Lane opens.
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2010: Charter expanded to Catholic church members in Diocese.
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2019: Assets exceed $50 million.
Weekly Financial Article
Weekly insights for better budgeting, saving, and investing
Financial Article for Week
December 28th, 2025
Happy New Year!!
Starting the New Year on Strong Financial Footing
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1. Look Back Before You Look Ahead
A new year is the perfect time to pause and review your money habits from the past twelve months. What worked well for you? What felt stressful or inconsistent? Taking a few minutes to look at your spending, saving, and borrowing patterns can help you understand where your money actually went, and where you’d like it to go instead. This reflection doesn’t need to be complicated; even a quick review of your statements can give you a clearer picture.
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2. Set Simple, Realistic Goals
Financial goals don’t have to be big or overwhelming. In fact, the most effective goals are usually the ones that feel doable. Whether you want to build a small emergency fund, pay down a credit card, or finally start saving for a vacation, choose goals that fit your lifestyle and budget. Small, steady progress adds up quickly, especially when you stay consistent month after month.
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3. Build Better Habits, Not Just Resolutions
Resolutions fade fast, but habits stick. Instead of trying to change everything at once, focus on one or two small habits that support your financial goals. That might mean checking your account once a week, setting up automatic transfers, or planning your spending before payday. These simple routines can make managing your money feel easier and more predictable throughout the year.
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4. Use the Tools and Programs Available to You
Many people forget that their financial institution offers resources designed to make life easier. At DOY Federal Credit Union, members have access to low‑rate loans, savings programs, and personalized support that can help you stay on track. Whether you’re planning for tuition, buying a car, or building savings, using the right tools can make your goals more achievable.
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5. Stay Flexible and Adjust as Life Changes
Life doesn’t always follow a perfect plan, and your finances won’t either. As the year goes on, give yourself permission to adjust your goals when needed. Maybe you’ll be able to save more than expected, or maybe you’ll need to shift your focus for a few months. What matters most is staying aware, staying engaged, and making choices that support your long‑term financial health.
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Victim of Identity Theft?
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File a police report
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Contact credit bureaus:
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Equifax: 888-766-0008
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Experian: 888-397-3742
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TransUnion: 800-680-7289
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Visit: IdentityTheft.gov