DOY Federal
Credit Union
News
and
Notes
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.
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:
• 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:
Texts from Strangers:
Don’t reply—mark as junk and delete.
Fake Emails/Texts from Companies:
Check your account directly on their website.
Gift Card Scams:
Never send gift card codes as payment.
Social Media Friend Requests:
Don’t accept unknown users.
Pop-Up Ads:
Avoid clicking unless you’re sure it’s safe.
Fake Virus Alerts:
Don’t call or click—contact a verified tech support service.
Caller ID Spoofing:
Let unexpected calls go to voicemail.
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.
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