This year, we are celebrating our Golden Anniversary. Plans are being finalized for DOY"s "50 Years of Excellence Celebration". This celebration will be DOY's way of showing appreciation for the Members who have made DOY's success possible. Only through our faithful membership's participation, was DOY able to become a great, financially sound credit union.
DOY's first financial statements indicated $8,576.49 in assets and 169 members. Fifteen of those members received loans. Compare that to today! DOY has over $62,000.000 in assets and 3,000 Members. In addition, we offer a variety of lending products to suit any need from signature loans to mortgage loans.
DOY's first financial statements indicated $8,576.49 in assets and 169 members. Fifteen of those members received loans. Compare that to today! DOY has over $62,000.000 in assets and 3,000 Members. In addition, we offer a variety of lending products to suit any need from signature loans to mortgage loans.
Services
DOY is not driven by the profit motive. There are no outside shareholders to satisfy. DOY's main purpose is to serve their membership in two primary areas: saving and borrowing. Therefore, DOY has a very strict and conservative lending and investment policy. DOY confines its lending to its own creditworthy members.
Many members use DOY Checking Accounts as a primary or secondary checking account because of its ability to earn interest until their checks are actually cashed. NO MONTHLY FEE - If you maintain a minimum average balance of $200, there are no monthly fees. OVERDRAFT PROTECTION - DOY has a great program to protect its members from having a check returned due to NSF.
At least $15,000 must be borrowed. Fees are very low and once in the program, $15,000 or more can be added to the existing loan for a nominal fee (usually under $450). Just like our first mortgage loans, there are no application fees, prepayment penalties, late charges, etc. Be careful when mortgage companies advertise low rates.
Parents from the Youngstown Diocesan High Schools and Elementary Schools can use the DOY Tuition Loan Program to pay for their child's tuition at very low interest rates. DOY's program provides another option to consider when planning for the tuition costs for the upcoming school year. Besides any diocesan schools, DOY also provides the program to any other private high school, elementary, or pre-school in the six county region.
Budget your getaway by making regular deposits into the account. Consider setting up a direct deposit into the account to get a jump start on financing your next vacation. By opening a Vacation Club savings account at DOY and making regular deposits when vacation time comes, you can plan the trip of your dreams!
Reviews (1)
Michael Havalo
Dec 09, 2019
Report
Pros: Good interest rates and a sense of old fashion easiness to do business.
Cons: There are no web based services so all transactions are required to be performed at the location. However, all of the employees are courteous and attentive to your needs.
Overall, I would recommend DOY for your banking needs.
Cons: There are no web based services so all transactions are required to be performed at the location. However, all of the employees are courteous and attentive to your needs.
Overall, I would recommend DOY for your banking needs.
